June 27, 2016

The United Kingdom has voted to leave the European Union

Britain has voted in a referendum to exit the European Union, also referred to as ‘BREXIT’. A fixed, two-year negotiation period will take place after the UK parliament votes to exit, however, the good news is that no changes will be implemented until the end of 2018 at the earliest. All existing VAT rules will remain intact for now, and companies can continue their business activities and trade as usual until the negotiations have concluded. Euro VAT Refund will make sure to inform our clients and contacts of any updates and VAT liability changes as a result of BREXIT.


Return to Latest VAT News