The plastic packaging tax (PPT) will come into effect in the UK on 1 April 2022. This means that for any business that imports into the UK, or manufactures in the UK, plastic packaging or products contained in plastic packaging will be liable to register for PPT and pay any tax due if they exceed the threshold of 10 tons of plastic packaging per annum.
HMRC has published a Revenue and Customs brief on 1st July confirming that businesses have been given a further 6 months to submit a valid certificate of status for the prescribed year 1 July 2019 to 30 June 2020.
Wednesday, 17 February 2021 from 8:30 to 9.30 CET
The Brexit transition period ended on 31 December 2020 and companies have been operating in the new normal for more than a month now.
While many relevant practical questions for businesses remain open and still need to be resolved, companies should also not forget to consider longer timelines and develop holistic approaches.
How can companies take the opportunity presented by this change to develop competitive business models? How can they create value in the short, medium and long term? And what are the first steps to be taken in getting there?
Businesses established in Northern Ireland who incur VAT on goods in the EU, and EU businesses who incur VAT on goods in Northern Ireland, will be able to recover this VAT through the electronic cross-border refund system. This enables a business to recover that VAT directly from that country (the UK or EU member state of refund) provided that it is not established in the country of refund and makes no supplies there.
According to the latest information issued on Intrastat requirements by HMRC, one have to differentiate between the following flows where Intrastat declarations will still be required for UK resident business and foreign businesses with a UK VAT registration:
As you know, the EU and UK reached a Brexit deal on the 24th of December 2020.
This deal does not mean “business as usual”. UK is no longer a part of the EU customs union which means that customs declarations needs to be filed when importing and exporting goods both in UK as well as the EU.
I would like to briefly draw your attention to the EU Exit Transition: Switzerland webpage, which the British administration has launched on the government site. It bundles information relevant for Switzerland and links to a number of topics.
General content on the end of the transition period can be found here: Brexit transition: time is running out.
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The “Revenue and Customs Brief 20 (2020): repayment of VAT to overseas businesses not established in the EU and not VAT registered in the UK” has been published.
7 September 2020 | 3pm-4pm CEST
On 13 July 2020, the UK Government published the Border Operating Model which provides guidance on how the customs border for trade between the EU and Great Britain will work following the end of the Brexit transition period of 31 December 2020.
The businesses have been referred to HMRC’s Tax Evasion Referral teams, which investigate cases to determine whether a civil investigation should be launched
PwC Switzerland ITX
Michaela Merz 