News, Policy & Media

03Sep

Brexit readiness materials from the Department for Health and Social Care

The DHSC hosted a Brexit Readiness Webinar on 27th August 2020 - if you were unavailable to attend you might find the attachments and links useful.

 

By way of follow up, please find below the following:

  • the slides presented by HMRC (attached);
  • slides on how medical suppliers can prepare to be ‘Trader Ready’ for the end of the Transition Period (attached);
  • importing and exporting ‘decision trees’, as referenced by Tony Thomas from the Border and Protocol Delivery Group (BPDG) - click here;
  • a list of the custom agents, as referenced by Demi Abeynayake on the call. Please note that these agents are not endorsed by HMRC.

 

DHSC also want to address quickly one of the questions asked on VAT during the webinar. The answer from HMRC has been provided as follows:

 

“From 1 January 2021, if your business is registered for VAT in the UK, you’ll be able to account for import VAT on your VAT Return for goods imported from anywhere in the world. This means you’ll declare and recover import VAT on the same VAT Return, rather than having to pay it upfront and recover it later. The normal rules about what VAT can be reclaimed as input tax will apply.”

Attachments

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