Officially known as the United Kingdom of Great Britain and Northern Ireland, consisting of the four countries; England, Scotland, Wales, and Northern Ireland. With its imperialistic history, world-renowned monarchy, trailblazing achievements, and one of the most fascinating markets in the world in terms of size, the United Kingdom holds a unique place.
Unfortunately, the United Kingdom has its own ideas on how community and trade should operate, which resulted in the "infamous" Brexit and a farewell to the European Union's community.
Nevertheless, the United Kingdom remains an incredible market; it simply requires learning to navigate its many regulations or finding a strong partner who can handle it all. IntraVAT has years of experience in navigating the British VAT and customs system, along with a high level of professionalism in dealing with British authorities.
We are ready to assist and are just a phone call away.
The United Kingdom is a large market, with over 67 million English-speaking consumers, making it appear to be the easiest market in the world to enter. And it was, until they decided to withdraw from the European Union in their famous Brexit maneuver.
Fortunately, the market and consumer purchasing power have remained unchanged since Brexit. However, the rules and requirements for selling in or exporting to the United Kingdom have become significantly stricter and more complicated, particularly for B2C commerce.
If you want to engage in B2B or B2C transactions on the same terms as local businesses in Great Britain, it requires either establishing a proper company with its own address, accounting obligations, a director, and legal responsibility, or finding a partner who can handle all the practical and legal tasks on your behalf.
With IntraVAT as your VAT partner in Great Britain, you will have a VAT expert who can assist not only with VAT but also with import and export regulations, potential regulatory inspections, and general knowledge about cross-border trade.
By choosing IntraVAT as your VAT representative in the British market, you will have the opportunity for British VAT registration and an EORI number, along with a local company address,mail handling, quarterly VAT reporting, fiscal representation, and overall monitoring of your British activities in compliance with the authorities' requirements.
You should be VAT registered in Great Britain in the following cases:
- If your business has taxable turnover of over £85,000.00 within the last 12 months to customers residing in Great Britain. The deadline is 30 days.
- If you know that your business will exceed a taxable turnover of £85,000.00 in Great Britain within the next 30 days.
- If you engage in B2C trade where the value of each sale is below £135.00 for the entire shipment.
- If you wish to conduct DDP (Delivered Duty Paid) shipments to your British customers, enabling them to avoid the hassle of customs and VAT.
- If you want to trade on equal terms with regular British companies and have the same convenient options for reclaiming input VAT.
Reporting deadlines for regular non-deferred quarterly financial statements:
|VAT period||Deadline for submission and settlement|
|Q1 - January, February, March||May 8th 2023|
|Q2 - April, Maj, June||August 7th 2023|
|Q3 - July, August, September||November 7th 2023|
|Q4 - October, November, December||February 7th 2024|
|VAT rate||Categori||Name||Registration treshold|
|0%||Lotteries, physical education, art and more||VAT exempt||GBP 85.000,00|
|0%||Most food and chilren's clothing||Zero rated VAT||GBP 85.000,00|
|5%||Some goods and services eg. children's car seats and home energy||Reduced rated VAT||GBP 85.000,00|
|20%||Most goods and services||Standard rated VAT||GBP 85.000,00|