Accountants call for change in timing of when VAT is paid

May 28, 2018
Chartered Accountants Ireland and ICAS, the professional body for accountants in Scotland, have issued a joint call to the Irish and UK governments to introduce legislation to alleviate the VAT burden on importers after Brexit.  An often overlooked side-effect of Brexit is that VAT will become an upfront cost for imports between Ireland and the UK for the first time after Brexit, if the current law is not changed.  Read the press release on our website.