VAT for Businesses If There's No Brexit Deal doshioutsourcing.com

The United Kingdom left the European Union on January 31st, 2020. Both the parties agreed to a transition phase, which shall be in force until 31st December 2020. During this transition phase, the UK is still part of the EU regulatory framework and still has virtually all the rights and obligations of an EU Member State. As of now, no customs duties, VAT, and excise duties are levied in the case of border crossing of goods.