VAT after Brexit

Speaker:   |  CPD Hours: 3.0

Price £375 plus VAT

New dates coming soon.

OBJECTIVES

VAT was only introduced into the UK because the UK joined the Common Market (now the EU) in 1973. VAT was the indirect tax system of choice in the original six member states. Although the UK has voted to leave the EU, VAT will remain in place. Since the UK imposed VAT in 1973, VAT has become the system of choice in most developed countries (sometimes referred to as GST). All systems are modelled on the EU principle.

Once the UK has left the EU, it will not have to be bound by EU law and regulation. This means there are likely to be changes to the VAT system. The UK will be free to set its own rates and will not be bound by EU law and practices.

What is certain is that there are bound to be changes for businesses which have transactions with EU countries and there will be a number of VAT implications as a result of Brexit.

The aim of this half-day course is to explain the definite changes which will have to be made to the VAT system post Brexit and discuss likely changes. The presenter, Tim Buss has been involved with VAT since its introduction into the UK and witnessed first-hand the gradual harmonisation of VAT in the EU culminating in the 1992 directives so is well placed to consider the VAT world post Brexit.

CONTENT

  • Scope for changing VAT rates including zero rates and exemption
  • Purchasing goods from EU counties
  • Selling goods to businesses in EU countries
  • Selling goods to private persons
  • Selling services including digital services
  • Loss of EU simplifications
  • Recovery of VAT incurred in EU countries

WHO SHOULD ATTEND

Staff working in businesses which trade with other EU countries and who are responsible for accounts and/or systems. Anyone in practice responsible for advising such businesses. Prior knowledge of VAT is required.

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