The Portuguese General Direction of Economic Activities has recently published some general guidelines about what companies need to know to prepare for Brexit, VAT issues included.
The United Kingdom will leave the European Union (EU) at 11:00 pm of 29 March 2019; exactly two years after having notified the European Council of its intent (except if the Member States shall unanimously decide to postpone the withdrawal date).
From that moment on, the United Kingdom will become a third country and will no longer be an EU Member State. Therefore, it is urgent that companies step up their work on preparedness to this new reality.
1. Possible scenarios as from 30 March 2019
2. Responsibilities of economic operators
3. Certificates, licenses and permits
4. Customs and Excise
5. Rules of origin
6. Prohibitions and restrictions on imports/exports of goods
7. Transfer or personal data
The International VAT Association (IVA), represented by its President, Stephen Dale, and Board Member, Fátima Gouveia, met with the representatives of the Portuguese Secretary of State for Tax Affairs and of the Portuguese VAT Authority on the 9th of July 2019, in Lisbon. The IVA thanked the authorities for meeting with us at short notice.
Download the full Communique soon available.
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Read more ...Disclaimer: The information contained in the present page is general and does not constitute legal advice. Before taking any decision or action on the above information you should take the appropriate professional advice.