Brexit checklist for Northern Ireland when not using Sage 50 Accounts

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.

Description

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What do I need to do?

Before 1 January 2021

HMRC requirements >

Visit www.gov.uk/transition to check HMRC advice on preparing your business, and information on specific rules and regulations.
Apply for a Economic Operator Registration and Identification (EORI) number >
Enter your EORI into your software >

After 1 January 2021

Processing imports and exports after 1 January 2021 >

Update your VAT reg number, UK tax codes and commodity codes in your software >

Update your country code, the tax codes on existing EU records if different. If required you also need to update tax codes on recurring entries and outstanding items, and add commodity codes to your products.

Final considerations >

Find out more about Brexit

This article provides general rather than specific guidance to assist all of our customers. We always do our best to make sure that the information is correct but as it's general guidance, no guarantees can be made concerning its suitability for your particular needs. The information is valid at the time of publishing and is provided without any warranty of any kind, express or implied. You should take professional advice if you require specific guidance on your individual circumstances, for example to ensure that the results obtained from using our software comply with statutory or regulatory requirements. For VAT, customs and excise and duties enquiries you should call the HM Revenue and Customs (HMRC) National Advice Service Helpline on 0300 200 3700, contact your local HMRC office or visit their website at www.hmrc.gov.uk In no event will we be liable to you for any direct, indirect, consequential or incidental loss or damage arising out of or in connection with your use of the information provided.
The VAT or tax codes used in this article are based on the default or recommended codes set up in the software. These may be different in your software.