Summary
The United Kingdom's (UK) withdrawal from the European Union (EU) affects, amongst other things, how goods moving between the UK and the EU should be accounted for. We've pulled together a checklist to guide you through what you need to do when using Sage 50 Accounts.
Description
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What do I need to do?
As you don't trade outside the UK, currently you do not need to do anything in your software.
If your sale or purchase takes place wholly within the UK then you should apply your normal VAT rules including any special schemes.
However, we recommend you visit www.gov.uk/transition to check any HMRC advice on preparing your business, and information on specific rules and regulations.
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