'Post-Brexit Vat costs could hammer importers'
Two accountancy bodies believe a potential upfront Vat liability could be 'quite substantial' for some importers and could obliterate the cash reserves of a business
Two accountancy bodies from both sides of the Irish Sea have come together to call for new legislation to easethe Vat burden on importers after Brexit.
Chartered Accountants Ireland (CAI) and ICAS, the professional body for accountants in Scotland, say Vat will become an upfront cost for imports between Ireland and Britain after Brexit, if the current law is not changed.
At the moment, Vat on imports between EU countries is paid when ...
