Businesses trading with the UK will benefit from unchanged indirect tax rules in 2020 but should use the current transition period to prepare for a hard Brexit for VAT at the end of the current transition period.
Trade between the EU and the UK will no longer be subject to EU VAT rules and as a result, businesses should seriously assess and prepare for change.
Peter Boerhof | Peter is VAT Director for Vertex. In his role, he provides insight and thought leadership regarding the impact of tax regulations, policy, enforcement, and emerging technology trends in global tax. Peter has extensive experience in international transactions, business restructuring, tax process optimization, and tax automation.