“That will help businesses reach a point of certainty in addressing Brexit related obligations while maintaining continuity with supply chains to customers. “Businesses will need to get to grips with the changed trading environment during that time,” says McManus. “We are working with clients to help them understand the technical complexity associated with the new environment. “In other cases, we may see Irish companies establish a presence in the UK to smooth their relationships with trading partners in that market,” he concludes. Consult with your tax advisor about your local tax and VAT registration obligations arising from cross border trading with goods.

Source: The Irish Times February 25, 2021 15:56 UTC