Event Venue and Description – Webinar

This one-hour session will offer guidance on essential tax issues that businesses will face from Brexit.

The most obvious areas of change from January 2021 will be in Customs Duties and VAT. You will look at the issues arising from the UK leaving the EU and becoming an independent coastal trading state. While the UK will have a new goods tariff, there are easements for the first 6 months for customs declarations and payments.

This webinar will explore the following:

• Postponed VAT accounting, duty deferment and the interaction between customs special procedures, such as warehousing and VAT
• As NI will follow single market rules for VAT purposes, but will not be part of the EU Customs Territory, we will examine the implications of this for goods moving between NI and RoI, and to and from the UK
• Other VAT issues including whether businesses need a “toehold in the EU” for goods and services, along with some current thinking on this
• Transfer Pricing (TP) issues that are Brexit-specific, such as arbitration and the split of income and costs where, for instance, financial institutions will have “seats” in other EU member states

For further information and details of how to register, please follow the link provided.