VAT changes to hit UK firms after Brexit

Businesses will be forced to pay the tax upfront, creating cashflow burdens that could cripple small firms

British importers face a heavy tax burden after Brexit
(Image credit: Matt Cardy/Getty Images)

Changes to how companies pay VAT will result in more upfront costs for businesses after Brexit, under controversial legislation to be considered by MPs today.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More