Post-Brexit UK businesses may receive an unexpected benefit from recently announced proposals to create a single EU VAT regime in 2022. The potential introduction of a reforming destination-based VAT system will mean the UK’s loss of zero VAT rating on EU exports/imports after Brexit will be cancelled out. This could neutralise up to £85bn on recoverable …
The post Brexit UK to benefit from EU VAT reforms appeared first on Avalara VATLive.