At the time of writing the following dates and deadlines are in place
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.