02 Dec 2020 11:12 AM
At the time of writing the following dates and deadlines are in place.
Until 31 Dec
31 Dec 2020
- Transition period ends.
- Freedom of movement within the EU ends.
1 Jan 2021
The Transition period is now ended and the following will apply:
- The Northern Ireland Protocol comes into force
- Changes to importing and exporting with EU and Northern Ireland
- Traders importing goods will need to prepare for basic customs requirements and will have up to 6 months to complete customs declarations.
- Tariff payments can be deferred until the customs declaration has been made.
- Traders moving controlled goods such as tobacco and toxic chemicals will be required to complete customs declarations.
- Physical checks at the point of destination for live animals.
What Businesses need to know about VAT in 2020
- Businesses will need to consider how they account for VAT on imported goods.
- UK no longer part of the EU VAT area, loss of access to EU simplifications and measures.
- If you are currently using MOSS, you must register for MOSS in an EU state.
- Changes from dispatches and acquisitions to exports and imports.
- Supplementary reporting changes (Intrastat and EC Sales list).
- Postponed VAT accounting to account for import VAT on VAT return.
- Sale of goods to /from Northern Ireland will remain within EU VAT regime.
30 June 2021
- Deadline for applications to the EU Settlement Scheme.
- Postponed VAT accounting is mandatory up until 30 Jun 2021 if you delay your custom declaration or use a simplified customs declaration.
- Safety and security declarations. From 1 January 2021 to 30 June 2021 you can import controlled and non-controlled goods from the EU without making an entry summary declaration (the safety and security declaration).
From July 2021
The following will apply:
- Traders moving all goods will have to make declarations at the point of importation and pay the relevant tariffs.
- Full safety and security declarations will be required.
- Increased physical checks and sample collection for Sanitary and Phytosanitary commodities.
For more information please keep checking our Brexit blog. If you have any questions please contact us.