As things stand, the UK is due to leave the European Union on 31 October 2019 at 23:00 GMT. This means that after this date and under a no deal Brexit scenario, all trade agreements the UK is part of as an EU member states will no longer apply. Therefore HMRC is back on releasing guides to keep updated the general public and those who may be affected by this situation.
In its last press released (1), HMRC lists all countries or trade blocs for which they have already signed Trade Agreements, those who are still in discussion and the Mutual recognition agreements.
If you believe these developments impact your business and would like further advice on your next steps do not hesitate to contact us. We have developed GVC Brexit Solutions to help you and your business be fully VAT compliant if a no deal Brexit occurs.
Check our Brexit Situation to understand where your business will be standing if the UK leaves the EU with no agreement and what to do.