TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

HMRC updates guidance on importing and exporting excise goods post-Brexit

Following the end of the transition period on 31 December 2020, there will be changes to how Great Britain based traders will import/export and declare excise goods like alcohol, tobacco and certain oils.

From 1 January 2021 onwards,

  • imports of excise goods from the EU to Great Britain will be treated the same as imports from the rest of the world.
  • exports of excise goods from Great Britain to the EU will be treated the same as exports to the rest of the world.

The guidance details guidance under a variety of scenarios such as, how to become a registered consignor, steps to take as a registered excise business, and what to do if goods are dispatched on or before 31 December 2020 but received from 1 January 2021.

HMRC have also specified that there may be different rules in respect of Northern Ireland movements after transition, and that these will be made available on a later date.