Brexit Ask the Expert Series - How do the VAT rules affect NI?

Summary

The UK will leave the EU VAT area on 31 December 2020. This has the potential to create real difficulties for Irish companies in terms of VAT cash flow and increased administration by operating within the EU VAT area and the UK VAT area from 1 January 2021 onwards. This webinar will review and explain some of the challenges businesses will face.

Venue details:  
Webinar, , Online
Start date & time:  
14 January 2021 11:00
End date & time:  
14 January 2021 13:00
Price:  
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
2.00 Training Tickets accepted
CPD hours:  
2.00
Speaker details
First nameLast name
Francis Devlin

Description

Product type:  
CPD course
Category:  
Brexit, Practice and business improvement, Tax

Format

This course will be delivered via Zoom on Thursday 14 January 2021 from 11am to 1pm. The Zoom link will be emailed to participants the day before the course is due to take place. Participants will be able to submit questions in advance of the webinar. Guidance for submitting questions will be set out in the booking confirmation email.

Who should attend

Northern Ireland businesses, in particular, will have to deal with significant VAT changes and should attend. These rule changes will also impact on how they interact with suppliers and customers in other member states as well as the EU.

Course overview

The course will explore and explain the following:

  • How VAT rules under the NI Protocol will apply and impact businesses.
  • GB-NI and NI-GB movements.
  • NI VAT issues when trading with ROI and other EU.
  • Issues when NI trades with rest of world.
  • New VAT rules that apply to supplies of services.
  • Consider VAT implications relating to more complicated supply chains and transit movements.

Key learning outcomes

Have an improved understanding of the VAT rules that will apply under the NI Protocol from 1 January 2021, in particular how they impact NI businesses but also ROI businesses.

Speaker Bio

Frankie Devlin is a Partner with KPMG Belfast, specialising in all areas of Indirect Taxes, VAT, Customs, including advice and solutions on cross border Brexit issues. He is involved with a number of working groups with NI Business groups, HMRC and the Chartered Institute of Tax looking at the implementation of the NI Protocol. Heis also a member of the CIOT’s Indirect Taxes Committee