news.pretitle
Brexit – the Dutch alternative
published.on Dec 28, 2020
In light of the ending of the Brexit transition period as of upcoming 31 December, more companies are considering a move to Europe mainland. With the outcome of the negotiations now clear and a Brexit deal concluded, it makes sense that businesses prepare themselves.
A the trade agreement is concluded between the UK and the member states of the European Union. However, the new reality holds various trade barriers. Although import levies will in principle not be applied, the trade agreement does not prevent adjusted border controls and extra administrative work at the border. This may obviously affect the business of UK companies supplying goods and providing services to businesses and customers in the European Union and vice versa. In this publication we will discuss the consequences for VAT-registered businesses after the Brexit transition period and how any adverse consequences may be mitigated.
- B2B services
- B2B supply of goods
- The VAT-registered entrepreneur lives in, or the business is established in, the Netherlands
- The VAT-registered business regularly imports goods from non-EU countries
- The VAT-registered business keeps separate records indicating how much import VAT is owed
- The VAT-registered business files a VAT return on a monthly or quarterly basis
- B2C supply of services and goods