20/11/2020

Business Readiness Bulletin - The UK Transition - 20 November 2020

The UK has left the EU, and the transition period after Brexit comes to an end this year. Take action now to get ready for new rules from January 2021. This bulletin is issued by the Department for Business, Energy and Industrial Strategy and provides the latest information for businesses.

VAT
VAT (Miscellaneous Amendments to Acts of Parliament) (EU Exit) Regulations 2020
This Tax Information and Impact Note is about the VAT zero-rate applied to the handling of qualifying aircraft and the handling and storage of the goods.

Trade
Protection of trading interests (retained blocking regulations) from 1 January 2021:
This guidance sets out how protection of trading interests (also known as retained blocking regulations) will work in the UK from 1 January 2021.

Intellectual Property
Intellectual property after 1 January 2021:
Key information for customers and users of IP about how the IP system and the Intellectual Property Office will operate after the end of the transition period. UK Address for Service (AfS) paragraph updated. A reminder to understand the changes in IP before the end of the transition period.

REMINDER: HMRC Webinars are here: https://www.gov.uk/guidance/help-and-support-for-uk-transition

Department for Business, Energy and Industrial Strategy

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