Get Ready for Customs Changes Post-Brexit

Tax, VAT

The government has now stated that the U.K. will leave the European Union (‘‘EU’’) customs union at the end of the transitional period, which will start on March 29, 2019. It is positive to have some certainty, assuming this does not change, but what does it mean for U.K. businesses and what should they be doing to prepare?

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Reproduced with permission from Tax Practice International Review, 45 TPIR 11, 2/28/18. Copyright ©2018 by The Bureau of National Affairs, Inc (800-372-1033)

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Tax, VAT