Changes to VAT from 1 July 2021
VAT changes on sales to EU customers
Following the end of the Transition Period on 31 December 2020, there are more fundamental changes to come to the collection of VAT. These changes come into effect from 1 July 2021, and will apply to the sale of both services and goods to EU customers.
Three new schemes have been announced to help facilitate the declaration and payment of VAT. The overarching principle for both services and goods is to collect VAT by reference to the place where the customer belongs or where the transport of goods ends.
Find out more in our information sheet.
If you would like any assistance or advice to understand the schemes and how they may benefit your business, please get in touch.
Information correct as of June 2021.