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Brexit företagare

Brexit, what does it mean for companies in Sweden?

Brexit, what does Brexit mean for companies? The UK left EU on January 31, 2020. From January 1, 2021 the UK also left the EEA (European Economic Area).  Here we address some issues that may be relevant.

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Brexit summary points


Brexit - what has happened around trade in goods?

Trading of goods to and from the UK

  • Transport commenced before 1st Jan and ending after = Seen as European sales / EU purchases
  • Transport commenced after the turn of the year = Export and import

Trading of goods to and from the Northern Ireland

  •  European sales / EU purchases also 1st of January. 

Brexit - what has happened around sales / purchases of services?

Services –UK/ Northern Ireland

  • Treated as a country outside the EU
  • No periodic compilation required
  • The last perioden for 2020 - to be submitted in January 2021

Refund of UK VAT for 2020

  • Apply in the e-service no later than March 31 2021
  • E-service for  Northern Ireland VAT on goods can be used also in the future 
  • VAT-nummer kan inte kontrolleras

Brexit-tips - brush up on exports and imports

  • Apply for an Eori number at the Swedish Customs
  • Export / import of certain goods     
  • Permits, certificates, certificates, customs fees?
  • Review transports / warehouse management
  • Contact customers / suppliers in the UK
  • MOSS / OSS does not apply to the United Kingdom
  • Review e-commerce, TBE services / ID state?
  • Apply for Brexit support?
Kvadrat_tape
Skattekortet 2020

The United Kingdom is the first country to request withdrawal from the EU. On January 31 2020, they left the EU with an approved exit agreement. 

Other things applicable

  • You now need custom clearance documents for export of goods sold to the UK.
  • Purchases and sales of services need to be reported in the same way as for countries outside the EU.
  • Sales to companies in the United Kingdom must not be reported in the periodic summary. Verifying the VAT number will not be possible.
  • The rules on profit margin taxation of travel services cannot be applied to the United Kingdom.
    It will not be possible to apply for a refund of British VAT via the Swedish Tax Agency's portal once the UK has left the EU. 
  • VAT must not be charged by the seller when exporting to the UK. Documentation must also be provided that the product has been exported from the EU.
  • It may be a good idea to apply for a registration number with the Swedish Customs right now if you do business with the United Kingdom. The Swedish Customs has a page about Brexit and what  the implications for Swedish trade are.
Kvadrat_mashmallow
utlyse ledig stilling

Our consultants keep track of Brexit and what applies to you in Sweden

Accountor's consultants has been following the development of Brexit. Accountor's consultants can help you within most areas within finance, such as payroll, accounting, company services and tax advice. Feel free to contact us if you would like to know more about how we can help you.

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