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.
Insurance
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.