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VAT and Brexit

  • Fellow PM.Dip
  • Practice Licence
  • 7 posts
  • # 118350

I work with Sage and was wondering if anyone knows if we carry on using the same VAT codes from 1st Feb 2020 onwards for EC Sales, purchases and reverse charge ?  ie nothing changes 

 

Also do we still carry on doing EC sales lists for another year ?

  • Fellow PM.Dip
  • Practice Licence
  • 145 posts
  • # 118351

Hello Lynda,

As of 1 Feb, we will be entering a transition phase, where the government
will negotiating new trade deals/rules. A letter I received from HMRC
yesterday stated that nothing will change until 31 December 2020 and that
we should continue to use the current rules until 31 December 2020.

Torben

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