On 10 May, the Ulster Society hosted a webinar with HMRC titled '
Brexit: the VAT on goods effect - HMRC Update'
The webinar covered the practical implications of the new VAT on goods rules as they apply to Northern Ireland following the end of the transition period including:
o Moving goods between Northern Ireland and Great Britain
o VAT on goods sold from Great Britain, transported via Northern Ireland to the EU
o VAT on goods sold to Great Britain from the EU via Northern Ireland
o VAT implications for businesses moving their own goods
o Postponed VAT Accounting including accessing the PVA statements
It also examined the practical implications of operating a dual VAT regime in Northern Ireland including registering for VAT, XI numbers and filing VAT returns.
A recording of the webinar is available to view for free and on demand HERE
A copy of the slides presented by HMRC is available to view HERE