The government has laid three further sets of regulations making amendments to VAT legislation, to be brought into force in the event that the UK leaves the EU without a negotiated arrangement. The main changes provide for postponed accounting in respect of import VAT and set out a modified version of the tour operators margin scheme.
The regulations are:
A fourth instrument, aligning the VAT fund management exemption with EU law, will come into force on exit day whether or not an agreement has been reached:
See bit.ly/2DYkIgl.
The government has laid three further sets of regulations making amendments to VAT legislation, to be brought into force in the event that the UK leaves the EU without a negotiated arrangement. The main changes provide for postponed accounting in respect of import VAT and set out a modified version of the tour operators margin scheme.
The regulations are:
A fourth instrument, aligning the VAT fund management exemption with EU law, will come into force on exit day whether or not an agreement has been reached:
See bit.ly/2DYkIgl.