November 5, 2021

VAT procedures and instructions in Italy after Brexit

From 01 January 2021, the UK is officially out of the EU and significant adjustments are now required since the UK’s trading with Italy/EU now implies importing and exporting operations. In general, VAT will have to be paid in the EU country where goods are imported from the UK; all goods exported to the UK will be exempt from VAT in the EU, but then the VAT rules applicable to imports into the UK will have to be complied with.

(more…)