For the past 12-24 months, the EU Commission has been discussing tightening up the rules concerning the intra-community movements of goods in preparation for the introduction of the taxation of supplies in the country of destination. New rules have been introduced across the European Union (“EU”) from 1 January 2020 and apply without the need to amend domestic legislation. These are commonly known as the “quick fixes”.
The UK announced its interpretation of the quick fixes just before the Christmas break, but the links to parts of the guidance were not fixed until Christmas Eve! The delay in announcing them was due to the uncertainty around the situation with Brexit and whether they would apply to UK businesses.
Below is a PDF with a brief summary of the change. If your movements of goods are affected by the change, please do not hesitate to contact your usual VAT team member or our Director of Indirect Tax, Ruth Corkin on 01908 713860 or ruth.corkin@hhllp.co.uk
