HMRC have issued a Brexit edition Agent Update for January 2021. We have summarised the key content for you with links to our detailed guidance on the topics covered.

Most of the items have been included in this month's Employer Bulletin (UK Transition Special Edition) and rather than reproduce these we have linked to those updates where appropriate.

Postponed VAT accounting: account for import VAT on the VAT return 

Other updates 

See Employer Bulletin: UK Transition Special Edition for: 

Useful guides on this topic

Importing goods into GB from 1 January 2021
The post Brexit transition period ends on 31 December 2020. HMRC has issued guidance for importing goods. 

Exporting goods from GB from January 2021
The post Brexit transition period ends on 31 December 2020. HMRC has issued guidance for exporting goods. Is your business ready? Have all of the relevant applications been made in order to continue trading smoothly?

Place of supply: Goods
VAT on goods is determined by the Place Of Supply (POS); whether they are UK based supplies, imports, exports, EU dispatches, or EU acquisitions.

External links

Agent Update: January 2021 Brexit edition

HMRC: Get your postponed import VAT statement


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