Cesca Accounting Ltd
We provided a collaborative legal and project consultancy solution to continue to trade confidently after Brexit.
POST BREXIT – A VAT PLAN FOR CONTINUE TO TRADE CONFIDENTLY
Our approach
• After looking into the way our client conducted its business, we found that While they prepared for Brexit’s impact on customs, were yet to formulate a strategy to ensure VAT compliance. We advised them to make a Brexit plan-of-action for the protection of supply chains to continue to trade confidently. We helped them to
• Identify all supply chains impacted by Brexit
• Pay special attention to contracts with Delivered Duty Paid (DDP) incoterms
• Consider customs requirements, such as EORI numbers in the UK and EU
• Plan for changes necessary to meet VAT reporting requirements in the UK
• Amend ERP systems as appropriate
• Determine if fiscal representation is needed
This approach saw £500,000 imported already in the UK in the first quarter 2021
Company details
- Industry:
- Food and drink