Do we pay VAT on UK imports after Brexit?
Filed under:
importing
The question
When the UK exits the EU at the end of this month, will VAT on UK car imports have to be paid from then on?
Many thanks, Fin.
Asked by Fin Breatnach ·
Expert answer
Hi Fin,
Not just yet, no. When the UK leaves the EU this month it triggers a transition period, which lasts until the end of this year. During that time, the UK will mirror EU rules and regs, until such time as a new free trade deal is signed, or the UK crashes out at the end of the transition period (which looks increasingly likely). After that, all bets are off.
Answered by Neil Briscoe