The rules for tax and insurance on moving goods to and from the EU are changing from 1 January 2021. The British Chambers of Commerce has provided a checklist on the new rules which includes the following:


Double Taxation

From 1 January, tax deductions from interest royalties and dividends may change between UK and EU companies.


Import VAT

In the event of a no-deal Brexit, you’ll no longer need to pay VAT on the border, unless your parcel is valued up to £135.



If your business stockpiles from an EU supplier, you’ll need to check with your insurer that you’re still fully covered.


VAT registration in the EU

If you hold stock in an EU country that’s distributed to EU customers, you’ll need to register for VAT in that country.


Head to the British Chambers of Commerce for a full breakdown.

Prosperity Loan and SME Priority Sectors Loan Funds

Loans for large projects, and for SMEs and entrepreneurs, that will support our 2050 vision, ambitions and aspirations of those working and living in the region. Click on this link where you will find a tab for each of the Loans.

Find out more