Contracts and supplies
Find out about the effects of Brexit on contracts and supplies.
Changes to value-added tax (VAT)
Duty tariffs, customs and rules of origin procedures will bring about changes in the procurement of British goods. For goods and services, Brexit will affect the way VAT (btw) is charged.
Purchases of goods from a UK supplier will no longer be an intra-Community acquisition (VAT reversed charge), but will become an import from a non-EU country. This implicates that customs will charge the applicable Dutch VAT.
Purchase of services from a UK supplier will no longer be an intra-Community transaction (VAT reversed charge), but the services will be taxed in Holland, Dutch VAT (VAT reversed charge).
For further information please contact your (project) controller.