Brexit- VAT fiscal representative

By Mario Moretti
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Our goal is to help entrepreneurs from all over Europe look further forward to achieve top-level results and performance. For this reason, we report the main tax, legal and business news implemented in Italy referred to BREXIT. The aim is to update our clients with all the opportunities offered by the different states to be competitive in a globalized economic environment.

The free trade deal announced on Christmas Eve will allow goods to move from the UK to the EU and vice-versa free of customs duties from 1 January 2021. It requires ratification by the UK and EU parliaments.

The other consequences of Brexit, following the end of the EU transitional period on 31 December 2020 remain, as follows:

Further detail is required to explain the origin rules for export of goods from the UK to the EU, important for UK manufacturers and processors.  These rules will determine the minimum value of UK goods and processes within the finished product, expressed as a percentage, that must originate in the UK, for the nil rate of customs duty to apply.

 

For any further information, do not hesitate to contact us!

 

You can find us in Italy, Albania, Czech Republic, Hungary, Poland, Portugal, Romania, Russia, Slovakia, and UAE.

info@horizonconsulting.org

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