After leaving the EU on 31 January 2020, the UK is scheduled to leave the VAT regime and Customs Union on 31 December 2020. This is under the agreed Brexit Withdrawal Agreement (‘WA’) between the UK and EU, which allows for a 11-month ‘transition period’.
What happens between now and 31 December 2020?
Until then, nothing changes for VAT of customs rules for UK trade with the EU or rest of the world. Should a deal not be stuck, then the UK would leave the VAT, Customs Union and Single Market on a ‘no-deal’ basis