The UK is due to leave the European Union on 31 October 2019. When this happens, the VAT processes for UK businesses are subject to change.
HM Revenue and Customs (HMRC) has come up with a checklist for your business to help you take the necessary steps to prepare for when the UK leaves the EU.
Here’s the checklist published by the HMRC.
Prepare your business for Brexit with the help of the checklist. In the meanwhile, HMRC will let you know about the next steps to take before 31 October 2019.
For more information on Brexit, go to this site.
Simplify accounting and