14 January 2021 Andrea Marshall, Tax Specialist
***Update as at 14 January 2021 - HMRC have updated this guidance for HMRC have issued Changes to accounting for VAT for Northern Ireland and Great Britain from 1 January 2021.
It now includes guidance on VAT on goods sold from Great Britain, transported via Northern Ireland, to an EU member state’. This explains the changes to VAT treatment according to where the goods are situated at the point at which the transfer of rights to the goods takes place.
***************************
Businesses are trading under the protocol if your business is VAT registered and any of the following applies:
If you are trading and make transactions under the protocol, you’ll need to: