Brexit & VAT

There’s no chance of it disappearing altogether – it generated 22% of HMRC revenues in 2015/16 – almost three times more than Corporation Tax.  Our expectation level is currently set at some procedural changes, such as abandonment of the EC sales lists, and minor simplifications.

The biggest potential impact may be the loss of access to MOSS, but we’ll have a fair time to see this coming and determine appropriate strategies.