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Brexit - Three Recommended Business Responses

Following the non-reversible Brexit vote last Thursday, how should you navigate your business through the inevitable uncertainty?

 

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#Tax Myth 8 - Exporting goods are VAT zero rated

You may know that exports are zero rated and think that there's nothing else to worry about. You're expecting to recover VAT on your costs so you're in a net recovery position each month. You might even be thinking of submitting monthly VAT returns to optimise your cashflow.

However, to be correct, you need to be able to agree with the following statement.

All my EU customers are VAT registered.

 

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