Brexit Update: Tax Department issues guidance on VAT refunds, VIES and Intrastat declarations
United Kingdom will be treated as a third country for VAT purposes after 29 March 2019 (subject to potential “deal” details and to postponement)
With Brexit expected to materialise on 29.03.2019, the Cyprus Tax Department has issued a number of announcements relating to the impact of Brexit on VAT refund and reporting implications and specifically on the application of the EU VAT refunds procedure, known as the 8th Directive as well as on VIES and Intrastat reporting.
Please read the full report by clicking here: ey-cyprus-vat-alert-tax-dept-announcements-on-brexit-2019-(final).