How Do I Prepare My Business for Brexit on 1 January 2021?

The UK has left the EU, and the transition period after Brexit comes to an end on 31 December 2020. If your business trades with the EU, there will be changes to UK-EU trade at the UK border, including customs, tariffs and VAT. Here are a few things you need to be...

What Is an EORI Number?

From 1 January 2021, you will need an Economic Operator Registration and Identification (EORI) number to move goods between the UK and both EU and non-EU countries. Your EORI number should begin with GB. If you already have a number and it doesn’t start with GB, you...

Brexit: Accounting for Import Tax on Your VAT Return

From 1 January 2021, if your business is registered for VAT in the UK, you’ll be able to account for import VAT on your VAT Return. Postponed accounting will be introduced to allow to a phased implementation of the customs declaration until 30 June 2021....