{"id":763,"date":"2019-09-05T00:00:00","date_gmt":"2019-09-05T00:00:00","guid":{"rendered":"https:\/\/srcadvisory.com\/getting-ready-for-brexit-hmrc-vat-implications\/"},"modified":"2020-04-14T11:30:33","modified_gmt":"2020-04-14T11:30:33","slug":"getting-ready-for-brexit-hmrc-vat-implications","status":"publish","type":"post","link":"https:\/\/srcadvisory.com\/getting-ready-for-brexit-hmrc-vat-implications\/","title":{"rendered":"Getting ready For Brexit- HMRC VAT implications"},"content":{"rendered":"<\/p>\n<div class=\"coh-wysiwyg\">\n<p><strong>HMRC are helping businesses get ready for Brexit. The government have said the UK will be leaving the EU on 31 October come what may.\u00a0<\/strong><\/p>\n<p><strong>Should the UK leave without making a deal there will be immediate changes to the way UK businesses trade with the EU, that may have an impact to your business.<\/strong><\/p>\n<p>\u00a0<\/p>\n<p>\u2022\u00a0\u00a0 \u00a0UK businesses will have to apply customs, excise and VAT processes to goods sold into the EU (these are the same rules that already apply for goods and services traded outside of the EU).<br \/>\n\u2022\u00a0\u00a0 \u00a0Trading partners in the EU will have to apply customs, excise and VAT processes to trade they carry out with you, in the same way that they do for goods and services traded from outside of the EU.<\/p>\n<p>\u00a0<\/p>\n<p>HMRC will be automatically issuing all businesses with a UK EORI (Economic Operator Registration and Identification) number. They have already issued these numbers to thousands of VAT registered companies! It is important to be aware that businesses will NOT be able to move goods in and out of the UK without one.\u00a0<\/p>\n<p>\nPlease note, if your business is not VAT-registered, you will need to apply for a UK EORI. HMRC are unable to give this to you automatically.\u00a0<\/p>\n<p>\nYou can apply by using the following link:<\/p>\n<p><a href=\"https:\/\/www.gov.uk\/eori%C2%A0\" target=\"_blank\" rel=\"noopener noreferrer\">www.gov.uk\/eori\u00a0<\/a><\/p>\n<p>\nPlease also find below a link to a HMRC guidance page of which you may find useful to ensuring that your business is Brexit ready!\u00a0<\/p>\n<p>\nHMRC Guidance page:<\/p>\n<p><a href=\"https:\/\/www.gov.uk\/brexit%C2%A0\" target=\"_blank\" rel=\"noopener noreferrer\">www.gov.uk\/brexit\u00a0<\/a><\/p>\n<p>\nWe will be sure to keep you updated with any latest guidance and support from HMRC to help prepare your business for 31st October.\u00a0<\/p>\n<\/div>\n<div class=\"coh-wysiwyg\">\n<p><span class=\"coh-color-white\">SRC-Time Ltd<br \/>\n2nd Floor<br \/>\nStanford Gate<br \/>\nSouth Road<br \/>\nBrighton<br \/>\nBN1 6SB<\/span><\/p>\n<p><span class=\"coh-color-white\">T: <a class=\"coh-style-white-tel-link\" href=\"tel:+441273326556\">+44 (0) 1273 326 556<\/a><br \/>\nF: +44 (0) 1273 733 827<br \/>\nE: <a href=\"mailto:info@src-time.co.uk\">info@src-time.co.uk<\/a><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HMRC are helping businesses get ready for Brexit. The government have said the UK will be leaving the EU on 31 October come what may.\u00a0 Should the UK leave without making a deal there will be immediate changes to the way UK businesses trade with the EU, that may have an impact to your business. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":764,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14],"tags":[23],"acf":[],"_links":{"self":[{"href":"https:\/\/srcadvisory.com\/wp-json\/wp\/v2\/posts\/763"}],"collection":[{"href":"https:\/\/srcadvisory.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/srcadvisory.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/srcadvisory.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/srcadvisory.com\/wp-json\/wp\/v2\/comments?post=763"}],"version-history":[{"count":0,"href":"https:\/\/srcadvisory.com\/wp-json\/wp\/v2\/posts\/763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/srcadvisory.com\/wp-json\/wp\/v2\/media\/764"}],"wp:attachment":[{"href":"https:\/\/srcadvisory.com\/wp-json\/wp\/v2\/media?parent=763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/srcadvisory.com\/wp-json\/wp\/v2\/categories?post=763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/srcadvisory.com\/wp-json\/wp\/v2\/tags?post=763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}