Services
How did BREXIT
affect your business?
The UK left the EU. The transition period ended on December 31st,2020. The UK and the EU cosider each
other as a 3rd country. So what about VAT and Customs?
VAT registration in United-Kingdom
As the exact rules regarding the relationship between the EU and the UK are constantly evolving, it is important to keep up to date with developments. RMB is monitoring the situation and regularly reporting to affected customers. Subscribe to our Brexit newsletter for regular updates.
If you would like to know how your business is affected by Brexit, contact us today. We will map your operations and flow of goods to help you determine your fiscal liabilities and the actions you need to take.
The United Kingdom left the European Union on 31 January 2020. Under the leaving agreement, there was a transition period (also called the implementation period) which came to an end on 31 December 2020. During this time, the EU and UK attempted to create a new trade deal which took effect from 1 January 2021.
At the end of the transition period, the UK lost all rights to trade under existing arrangements. In the absence of an agreement, the so-called "no deal Brexit", the movement of goods between an EU country and the UK became classed as an import/export operation and are now subject to customs procedures.
A few facts & key figures about United-Kingdom
Economic Growth
In 2022, the United Kingdom recorded an economic growth of 4.1%, driven by post-pandemic recovery and the resilience of the services sector. However, challenges remain, including inflation, geopolitical tensions, and post-Brexit adjustments.
Population
The UK has a population of approximately 67 million people, making it one of the most populous countries in Europe. London, its capital, is a major global financial and economic hub.
International Trade
The UK is a global trading power, with strong exports in financial services, pharmaceuticals, aerospace, automotive, and energy. Since Brexit, the country has strengthened trade agreements with non-EU partners, including the United States, Australia, and Asia.
OECD Ranking
Despite the uncertainties linked to Brexit, the UK remains one of the top destinations for foreign investment, thanks to its dynamic economy, strong legal framework, and highly skilled workforce. It is consistently ranked among the world's most competitive economies.
How did Brexit affect my business?
Depending on the nature of your business, you may be affected by:
Customs tariffs and duties:
Goods moving between the EU and UK are taxed on import. Customs tariffs will need to be paid when the goods enter the importing territory except if goods are of "preferred origin".
VAT refund requests
are subject to the ‘13th Directive’. This can delay VAT refunds by six months or more.
An EU EORI number
will be needed by companies which import or export goods to the EU. UK companies must have two EORI numbers: one for their EU operations and one for operations in the UK.
Import VAT:
All goods moving between the EU and UK are subject to VAT on import.
VIES: The EU’s VIES platform
is no longer accessible by UK companies. The validity of british VAT numbers can be checked on the website of the HMRC.
VAT registrations:
The EU’s One-Stop Shop (OSS / IOSS) platform is deactivated in the UK. This forces companies to register for VAT in the country where their goods arrive or depart if they want to reclaim VAT. If UK sellers want to use the OSS or IOSS platform, they'd need to subsribe to the OSS in one of the EU countries. Contact us if you want to know more.
How can RMB help?
Use RMB as your fiscal representative after brexit to help you to decide which options are necessary for your business and your next steps. In addition, we offer:
A free auditof your business to determine your needs and compliance liabilities
Customs compliance and other related services
VAT compliance services and training for companies in Europe and the UK
Establishment of ‘designated exporter’ records in the EU for companies outside the EU
Fiscal representation in countries where it is needed
Intrastat filing.
HOW CAN WE HELP YOU TODAY
Do you have questions about how RMB can help your business? Send us an email and we’ll get
in touch with you shortly, our VAT experts are always happy to help. You can also contact us by
phone: +33 3 20 25 70 70.
Book your call with our experts
You can book a call with one of our experts to assess your fiscal situation
We offer a first check up for free, no obligations attached
CONTACTEZ-NOUS AUJOUD'HUI
Vous avez des questions sur la manière dont RMB peut aider votre entreprise ?
Envoyez-nous un courriel et nous vous contacterons rapidement.
Nos experts en TVA sont toujours heureux de vous aider. Vous pouvez également nous contacter par
téléphone : +33 3 20 25 70 70.
Réservez votre appel avec nos experts
Vous pouvez prendre rendez-vous avec l'un de nos experts pour évaluer votre situation fiscale.
Nous vous proposons un premier bilan gratuit, sans engagement de votre part.