The UK will continue to have a VAT system if it leaves the EU without an agreement in place next March. HMRC has confirmed that, to provide continuity and certainty for businesses, the VAT rules relating to UK domestic transactions will continue to apply as they do now.

However, if there is no deal, there will be some changes to the rules and procedures for transactions between the UK and EU member states. HMRC has published guidance explaining the changes should this happen.

Importing goods from the EU. The rules for imports from non-EU countries will apply to imports from the bloc. HMRC will introduce postponed accounting for import VAT on goods so that UK VAT-registered businesses will be …