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Choppy waters
Key points
- Now the UK is a non-EU country the rules of triangulation are no longer relevant except for businesses in Northern Ireland.
- A UK intermediary business must either register for VAT in the supplier’s or customer’s country.
- The purpose of the use and enjoyment rules is to tax some services according to the country where they are consumed.
- The post-Brexit system for claiming VAT paid in EU countries is more complex than before.
- Introduction of the vehicle payment scheme for EU and Northern Ireland vehicle sales.
It has been over two years since the UK left the EU. Time has flown. As far as VAT is concerned it might be tempting to say that very little has changed apart from the reduction in the VAT rate on tampons from 5% to 0%. However the reality is that many transactions deals are dealt with differently....
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