UK Based Global VAT and Tax Compliance Consultants

Brexit: 100000+ UK Companies To Pay More VAT

More than 100,000 UK companies will be forced to pay VAT upfront after Brexit, under controversial government plans being debated by Parliament this week. Changes outlined in one of the many Brexit-related bills would force companies to pay the levy on goods at the point they enter the UK, rather than after they are sold.
Business groups said the change would create severe problems for UK companies, including cash flow issues and additional bureaucracy.