Brexit: Changes to VAT & Customs Duties
The UK has agreed a free trade deal with the EU which will broadly allow the EU and UK to sell/purchase goods without custom duties.
The trade deal is however not strictly a tariff free agreement – it’s a preferential tariff deal subject to complex rules of origin requirements. This means that many supply chains operating through the UK to the EU can still expect tariffs to apply.
We have put together a guide on the Brexit changes to VAT & Customs Duties. For more information – Click here to download a copy.