Date: 13.12.2020

Source: European Commission

Readed: 2638

The European Commission has issued updated guidance on VAT Rules on goods and services in view of the end of the so-called 'transition period' for the United Kingdom (Brexit). You can find more information below. The documents cover the legal situation applicable after the end of the transition period, certain relevant separation provisions of the Withdrawal Agreement, as well as the rules applicable in Northern Ireland after the end of the transition period.

VAT-Goods
VAT-Services

The Council has adopted a proposal by the European Commission to allow member states to temporarily exempt COVID-19 vaccines and testing kits from VAT. Member states may also apply a reduced VAT rate to testing kits and closely related services, if they choose to do so. This possibility is already available for vaccines.

You can find more information here.