Brexit 2020: Tax, Customs and the impact of COVID-19
Is the Brexit transition period deadline of 31 December 2020 about to be extended as a result of the coronavirus epidemic? Will the U.K. remain inside the Single Market, Customs Union and VAT regime for an extended period into 2021?
It is now looking likely that a hard Brexit is coming, especially as on-going conversations around FTA negotiations are already looking strained. But what would this mean for UK businesses?
Movement of goods is also a key challenge for UK businesses buying and selling goods internationally. As we approach the December deadline, how should businesses be preparing to keep goods moving in 2021 and beyond?
Join Richard Asquith for the latest updates on the Customs and VAT announcements, and how VAT returns will be changing as well as updates on the how the EU tax authorisations are preparing for 2021. We will also be discussing the customs issues that businesses will face when the UK loses its open access to the EU and other countries within the Customs Union, the impact and what businesses can do now to prepare.
- How coronavirus may shape events over the next few months.
- Progress on the UK, EU and US FTA discussions.
- Implications of the UK government’s latest customs and VAT announcements.
- What will the new import and export customs and border procedures look like?
- What steps should companies moving goods between the UK and EU now be taking?
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.