ICAEW guidance to help accountants and businesses understand how the UK’s VAT rules are changing from 1 January 2021.
Need to know
Read our quick-start guide, outlining a variety of areas that could impact your business post Brexit.
The UK Brexit transition period ended on 31 December 2020. New rules apply from 1 January 2021. This page brings together guidance and news from ICAEW, as well as externally-produced resources that provide practical information on navigating the new customs processes and procedures for international trade.
Latest news and insights
The coronavirus pandemic, global freight transport costs and other pressures on agri-food supply chains are cited as reasons for a further delay to introducing border controls for incoming goods from the EU.
Small and medium-sized UK businesses needing support on customs duties and VAT will be able to apply to the SME Brexit Fund for a grant of up £2,000 to pay for professional advice or training, confirms HMRC.
16 December: HMRC has published guidance on the validity of binding origin information decisions issued by the UK after the transition period and what this means for businesses importing and exporting goods.
10 November 2020: With less than 30 working days to go until the Brexit transition period ends, ICAEW Tax Faculty delved into all things VAT and customs for a special webinar covering the impending changes to import and export rules.
5 October 2020: The methods for deferring import VAT might result in somebody other than the owner paying the VAT. HMRC’s latest guidance reiterates that only the owner can reclaim the VAT and use postponed accounting from 1 January 2021.
23 July: From 1 January 2021 VAT on imported goods with a value of up to £135 will be collected at the point of sale not the point of importation, HMRC has confirmed.
Full customs import declarations and controls will be introduced on 1 January 2022 but Safety and Security declarations on imports will now not be required until 1 July 2022. The revised timetable also delays the introduction of requirements concerning Sanitary and Phytosanitary (SPS) goods, Export Health Certificates, and Phytosanitary Certificates and physical checks on SPS goods.
Summary of new procedures, declarations and customs checks for businesses importing good from the EU that will come into effect from 1 October 2021. Full customs checks on all imports will begin on 1 January 2022.
Policy paper, case studies, and other guides on how the UK's border with the EU will work for importing and exporting goods after 1 January 2021. The guidance for traders and hauliers has been updated to reflect the revised timetable for the introduction of the next stage of UK import requirements, as well as including additional detail on policies and processes.
Guidance on hiring a customs intermediary (such as a freight forwarder, customs agent or broker, or fast parcel operator) to act directly or indirectly for UK businesses importing or exporting to the EU. HMRC has also produced a checklist of Things to consider when you appoint a customs intermediary.
Step-by-step checklist in printable PDF format that outlines the key actions businesses need to take to complete a supplementary declaration if they have chosen to delay making customs import declarations this year. Supplmentary declarations must be filed within 175 calendar days of goods arriving in Great Britain.
HMRC letters to VAT-registered UK businesses in trading with the EU, highlighting new rules and procedures for importing goods from or exporting goods to the EU. The latest letters cover how traders should prepare for the end of staged import controls on 1 January 2022.
Customs Information Paper setting out HMRC's policy on importers who have unintentionally received goods from 1 January 2021 to 31 December 2021 in Great Britain, before they’ve had the opportunity to declare them.
Step-by-step guide explaining how to bring goods into the UK from any country. It covers tax and duty, customs declarations, licences and certificates, VAT refunds, commodity codes, and other import procedures.