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Preparing your business for Brexit

Do you need to do anything?

The effects of the UK leaving the European Union have very little impact on tax and company structure rules surprisingly. There are a few exceptions, the most major being VAT, particularly if you deal in goods.

Use our tool to discover whether the UK leaving the European Union and the Single Market would affect your business in terms or cross border trade and VAT.

Begin

Do you sell?

  1. Do you import from outside
    the EU to the UK?

  2. Do you import from the
    EU to the UK?

  3. Do you export from the
    UK to the EU?

q3

Do you sell goods
only in the UK?

q3qa

Continue operating
with no impact

Back to Start

q3b

Do you have an EU entity or is the UK company registered for VAT in another EU Country?

q3b0

Do you have an EU entity or is the UK company registered for VAT in another EU Country?

q3b1

EU port of entry

If you are using the UK as your entry to the EU for onward EU sales you should re-direct goods to the other company registered in the EU or to the Country where the UK is registered for VAT.

This will become your new EU port of entry and import duties will be payable here for goods intended to be sold in the EU.

You will need an EORI number

B2B – Zero rate goods from the UK

B2C – Invoice from the EU company and charge VAT at that Country’s rate

Looking for expert advice?
Call us on: +44 (0) 1753 551111 or send us an enquiry

Back to Start

q3b2

You have a problem and need to seek advice

You will need to consider:

  1. Obtain a VAT registration where there is a convenient port to import your goods into the EU. These generally are in Germany, Holland, Belgium, France and Portugal.
  2. All but Germany will require you to have fiscal VAT representation, which will likely require forming an EU company. This EU company does not need to be in the Country where you VAT register.

Looking for expert advice?
Call us on: +44 (0) 1753 551111 or send us an enquiry

Back to Start

q4

EORI number

You will need an EORI number. Duty will be charged upon entry to the UK however there is postponed accounting, meaning that the VAT is due on your next return rather than at the port.

Looking for expert advice?
Call us on: +44 (0) 1753 551111 or send us an enquiry

Back to Start

q4a

Do you sell goods only in the UK?

q4a5

Do you export from the UK to the EU?

q4a1

Do you export to the EU?

q4a2

Do you import directly into this Country as the first port of entry in the EU?

q4a3

Can you import directly into this Country as the first port of entry into the EU?

q4a4

EORI number

You will need an EORI number. This Country will become your new port of entry into the EU and duty will be payable there.

B2B - Zero rate goods from the UK

B2C - Invoice from the EU company and charge VAT at the Country's rate

Looking for expert advice?
Call us on: +44 (0) 1753 551111 or send us an enquiry

Back to Start

q5

Is your business
B2B or B2C?

q5a

Business to Business

Continue to operate with no Impact in the UK. EU customers will account for the VAT on the reverse charge basis.

Back to Start

q5b

Do you provide
digital services?

q5b1

Registered for MOSS?

If you are registered for MOSS in the UK this will no longer be valid in the EU. If you sell to the EU you will need to register for MOSS in another EU Country.

Looking for expert advice?
Call us on: +44 (0) 1753 551111 or send us an enquiry

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q5b2

Business to Consumer

Continue to charge VAT in the Country where the customer resides and the service is enjoyed.

Back to Start
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