On 23 August 2018, UK HMRC issued two notices on guidance for VAT and trade if the UK leaves the EU without an agreement. Each notes that such a scenario is unlikely, but that business should consider the impacts.
Trading with the EU if there's no Brexit deal
The purpose of this notice is to inform businesses of the implications for the trade in goods between the UK and EU countries and the actions they may want to now consider taking to mitigate the potential impacts in the event that t…