Format
This course was recorded on 26 January 2021 and is
sutibile for Irish businesses trading in and out of the UK should attend to
understand how the VAT changes will impact their trade and supply chains in and
out of the UK.
Booking Information
Once you have booked your course, the link to the recording will be available in your "My Account" area.
Please be aware that you will have access to this course for 180 days from the date of purchase
Course overview
Businesses should continue to review their supply chain and understand the potential VAT obligations that may arise from 1 January 2021. This may require businesses to operate within the EU VAT regime and the UK VAT regime. This may also create a significant cashflow (absent postponed VAT accounting measures) and an administrative burden on businesses by way of an additional VAT registration which may give rise to changes in their business model, IT, accounting systems and processes.
The course will explore and explain the following:
- VAT impact businesses will face within their supply
chain.
- The potential VAT obligations that may arise from 1 January 2021.
- How to operate within the EU VAT regime and the UK VAT regime.
- Explain how to manage import VAT cashflow.
- Explain the postponed VAT accounting measures.
- Explain the administrative burden on businesses by way of an additional VAT registration which may give rise to changes in their business model, IT, accounting systems and processes.
Key learning outcomes
Have a good understanding of the VAT consequences that Brexit will bring to businesses trading in and out of the UK post 1 January 2021.
Speaker Bio
Fionn is a Partner in BDO's Indirect Tax department. Fionn has more than 15 years' experience advising both Irish domestic and international clients on VAT issues across a range of industries. Fionn is also a member of BDO's Brexit Taskforce.
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