VAT and Brexit

VAT and Brexit

Do you know what will change? Are you ready to action the changes? 

This Seminar will discuss what we know now and what we think might happen, and how this will affect you and your accounting procedures. 

Having a VAT system is a condition of being in the EU and is now the preferred taxation method in almost all developed countries globally. But although the UK has voted to leave the EU, we know VAT will not be abolished here. 

However, once the UK has left the EU it will be free to impose its own VAT law, which could lead to changes to the existing legislation and policies.  What will actually happen though, is uncertain. 

What is certain, though, is that there will be changes for organisations that trade with EU countries, resulting in numerous Brexit-related VAT implications. Public bodies are generally not internationally-trading organisations, but they do get involved in many international transactions, from small scale online purchases to high-value trade in specialist equipment.

This half-day Seminar will explain the definite changes that will be made to the UK VAT system after Brexit and discuss the other changes that are likely.  It will also serve as a refresher for the rules for international services for non-EU countries. 

Delegates will come away from the Seminar equipped to cope with whatever will be the post-Brexit VAT rules. 

Seminar programme 

09.00 – 09.30    Registration (with refreshments)
09.30 – 09.35    Introduction 
09.35 – 10.00     What could change for VAT after Brexit?
10.00 – 11.00     VAT and trade with EU countries
·       Goods
·       Services
11.00 – 11.15      Refreshments
11.15 – 12.00    VAT and trade with EU countries after Brexit
·       Goods
·       Services
·       EORI numbers
·       Transitional Simplified Procedures (TSP)
12.00 – 13.00     Practical concerns and solutions
·       Getting your goods into the country
·       Customs duties
·       Recovery of VAT incurred in EU countries
·       Accounting for international transactions 13.00 – 14.00   Lunch and informal one-to-ones with PSTAX consultants

RAF Club, 128 Piccadilly, London, W1J 7PY – Tuesday 29 October 2019
City Hall, King Edward VII Ave, Cathays Park, Cardiff, CF10 3ND – Monday 4 November 2019
Venue Cymru, The Promenade, Llandudno, Conwy, LL30 1BB  – Tuesday 12 November 2019 

To book a place please contact quoting your purchase order number.  The cost for each delegate is £200 plus VAT (with a 10% discount offered for three or more places).