In light of Britain’s exit from the European Union and recent changes to the value-added tax (VAT) rules, US sellers of goods to the United Kingdom may not know how to remain compliant with new regulations. Adding to the complexity, sellers must also be familiar with the United Kingdom’s new tax initiative, Making Tax Digital.
In our webcast, international tax professionals from the United Kingdom and the United States discuss implications of the above changes as well as the following key points:
- Changes to VAT since January 2019, including Brexit scenarios
- The basics of Making Tax Digital and what the initiative means for US-owned businesses
- Ways US companies need to prepare for these changes