eprivateclient took a brief look at what’s been going on in Europe…

HMRC has written to UK VAT-registered businesses that trade with the EU, advising them on how to prepare for changes to customs, excise, and VAT in the event of a no-deal Brexit.

The UK will automatically enrol VAT-registered companies into the Economic Operator Registration and Identification (EORI) number system, meaning it will allocate more than 88,000 companies with an EORI number in the coming weeks. In a letter sent to affected businesses, HMRC explained firms will not be able to move goods in and out of the UK ...