We are aware of the upcoming changes around the treatment of VAT on Goods imported into the UK from the EU, as at 1st January 2021.
By now, HMRC should have communicated to all UK VAT-Registered Businesses to explain the changes and give you guidance on what you need to do. More information can be found here: https://www.gov.uk/transition/
Pegasus have also put together some very useful documents which we have attached below for you.
The Border with the European Union – Importing and Exporting Goods
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Conforming to the new Brexit Rules and Requirements From 1st Jan 2021.
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The Border with the European Union – Preparing for the future
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The Border with the European Union – Postponed VAT in Opera 3
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If we could ask that you please let us know if you need to comply with the new rules and wish to use Postponed VAT Accounting so that we, as your software provider, can ensure that we can prepare and arrange with you for any necessary software upgrades that are required.
Please contact the Pegasus helpdesk on 01724 400301 or email pegasus@hbp-group.co.uk to let us know if this affects you and are planning to use postponed VAT Accounting.