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It has been over two years since the UK left the EU. Time has flown. As far as VAT is concerned it might be tempting to say that very little has changed apart from the reduction in the VAT rate on tampons from 5% to 0%. However the reality is that many transactions deals are dealt with differently.
End of triangulation
Many goods are manufactured in east Europe and shipped to bigger EU countries such as France and Germany. To add an extra cog in the wheel a UK business is often the intermediary in these deals buying them from the manufacturer and selling them on. However the goods are usually shipped directly from the manufacturer to the final customer – say Poland to Germany – missing out the UK. The direct shipment makes commercial and logistical sense.
Before the UK left...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
