What Companies need to know to prepare for Brexit

What Companies need to know to prepare for Brexit 

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

Read the full document

Join incoming Conference

Linked In

News from the Board

What Companies need to know to prepare for Brexit

The United Kingdom will leave the European Union (EU) at 11:00 pm of 29 March 2019...

Read more ...

News from IVA members

Federal Fiscal Court: Postal address on invoice permitted – no bad faith despite domicile address

In an invoice issued for the purpose of input VAT deduction, the supplier’s address is not required to be the place of his or her economic activity. This was decided by the German Federal Fiscal Court in two judgments of 21 June 2018 (V R 25/15 and V R 28/16). The German Federal Fiscal Court thus follows the EUCJ in the German rulings in Geissel and Butin – C-374/16 and C-375/16...

Read more ...

News from EC

News from Accountancy Europe September 2018

Luxembourg has adopted a new VAT grouping regime (article 11 of Directive 2006/112/EC refers). It replaces a previous regime which was restricted to entities only engaged in activities in the public interest...

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.