Taking place on January 15 2021, one of the key discussions at the Kent and Medway Business Summit will be the region’s new trading relationship with the EU. Here Colin Laidlaw of Kreston Reeves, headline sponsors of the summit, looks at some of the pressing issues facing business regarding changes to VAT.
Although the UK has left the EU, we are currently in a transition period in relation to EU VAT, and Customs, regulations. At the time of writing this transitional period is expected to end on 31 December 2020. Thereafter the UK will not be bound by EU VAT law. However, we live in a global society and many UK businesses have activities in and around the EU and so will need to keep abreast of some very important changes to the EU VAT changes; a move from a taxation system based on where the supplier is to a destination-based system.
Read more about how the forthcoming EU VAT changes will affect your business.
Tickets to the Kent & Medway Summit 2021 cost £10. Secure your ticket here.