Brexit - Impact on VAT and customs

Published 08.12.2020

Brexit will impact all trade to and from the UK. Is your business prepared for the VAT- and customs implications?

Key points your company must bring attention to now

• Companies trading goods between the EU and UK that have not started preparing for Brexit from a customs/VAT perspective should immediately do so. Even if a trade deal between the EU and the UK should be reached, trade operations will be severely impacted by Brexit.
• Companies trading between Norway and the UK are less likely to be very adversely affected by Brexit, but should still be vigilant. Norway and the UK have agreed to a temporary trade deal securing tariff conditions similar to today also after January 1st.