{"id":17769,"date":"2021-03-05T17:33:20","date_gmt":"2021-03-05T16:33:20","guid":{"rendered":"https:\/\/www.euroeconomics.com\/brexit-in-zicht-dit-zijn-de-fiscale-gevolgen\/"},"modified":"2021-03-05T17:34:24","modified_gmt":"2021-03-05T16:34:24","slug":"brexit-for-real-tax-consequences","status":"publish","type":"post","link":"https:\/\/www.euroeconomics.com\/en\/brexit-for-real-tax-consequences\/","title":{"rendered":"Brexit for real: these are the tax consequences"},"content":{"rendered":"<p><strong>On 31 December, the United Kingdom will leave the European Union. We would like to list the tax consequences for business operations between Spain and the United Kingdom from 1 January 2021.<\/strong><\/p>\n<h2>What will change with regard to taxation?<\/h2>\n<p><strong>1.\u00a0The sale or purchase of goods to or from British companies will be regarded as export or import<\/strong>. Incoming goods will have to be declared to Spanish customs, accompanied by a DUA (customs) document, and VAT will have to be paid to customs. British companies will have to register with Spanish Customs using an <em>Economic Operator Registration and Identification<\/em> (EORI) number.<\/p>\n<p><strong>2.<\/strong>\u00a0<strong>Transactions of goods and services are no longer considered intra-community<\/strong> and therefore these transactions are no longer declared via EU 0% VAT declarations and\/or Intrastat.<\/p>\n<p><strong>3.<\/strong> If Spanish companies sell goods over the Internet to British private individuals, <strong>the distance selling regulations will no longer apply<\/strong>.<\/p>\n<p><strong>4. <\/strong>British companies wishing to reclaim VAT paid in Spain can <strong>no longer do so digitally via the HMCR portal<\/strong>. In this case, a Spanish resident will have to be appointed as the company&#8217;s tax representative in Spain. The same applies if a British company has to register for VAT in Spain as a result of the obligations laid down in Spanish VAT legislation.<\/p>\n<p><strong>5.<\/strong>\u00a0<strong>In general, services supplied by a Spanish company to a British company will be considered &#8216;realised on British territory&#8217; and no Spanish VAT will have to be charged<\/strong>. However, there are a number of exceptions (such as consultancy, accountancy, personnel assignment, auditing, etc.) where Spanish VAT will have to be invoiced if the actual execution takes place in Spain. <strong>In case of doubt, we recommend having the exact nature of the service analysed by us<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<h3>More information?<\/h3>\n<p>Do you want more information about this post or about taxes in Spain? Read below what you can download for free or ask us your question without obligation.<\/p>\n<p><span style=\"color: #ffffff;\">&#8211;<\/span><span style=\"color: #ffffff;\">&#8211;<\/span><\/p>\n<h5>Best deal &gt; Free alert service<\/h5>\n<p>We offer our clients, advisors and visitors of this website the possibility a free alert service. <strong>No costs and no obligations. <\/strong>We will inform <strong>about deadlines for tax returns<\/strong> and interesting changes and <strong>possibilities for (specificly) foreigners<\/strong> who are living in Spain, have business in Spain or who have family or a house in Spain.<\/p>\n<p>Do you want to stay up to date? Then fill in <strong>your name and email<\/strong> in the\u00a0<span style=\"text-decoration: underline;\"><a href=\"http:\/\/easytaxspain.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Free alert service\u00a0fields on our home page<\/a><\/span>.\u00a0Subscribe now, it&#8217;s free.<\/p>\n<p><span style=\"color: #ffffff;\">&#8211;<\/span><\/p>\n<h5>All about starting a business in Spain<\/h5>\n<p>We, EuroEconomics, the company behind EasyTaxSpain, have a team of more than 50 tax advisors, lawyers and\u00a0accountants. Do you want to start a business in Spain? Then download:<\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"http:\/\/easytaxspain.com\/wp-content\/uploads\/2018\/11\/EuroEconomics-Your-Company-in-Spain-UK-2018.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">A Company in Spain, Incorporation, Legal, Tax &amp; Accounting<\/a><\/span><\/p>\n<p><span style=\"color: #ffffff;\">&#8211;<\/span><\/p>\n<h3>Ask us easy your question<\/h3>\n<p>Do you have questions about taxes or starting a business in Spain and are you looking for a contact that looks after tax affairs and tax returns in Spain?<\/p>\n<p><strong><span style=\"text-decoration: underline;\"><a href=\"http:\/\/easytaxspain.com\/send-us-your-question-general\/\" target=\"_blank\" rel=\"noopener noreferrer\">Ask us easy your question without any obligation<\/a><\/span>.<\/strong><\/p>\n<h5>You will receive a response within one working day<\/h5>\n<h5>No costs<\/h5>\n","protected":false},"excerpt":{"rendered":"<p>On 31 December, the United Kingdom will leave the European Union. We would like to list the tax consequences for business operations between Spain and the United Kingdom from 1 January 2021. What will change with regard to taxation? 1.\u00a0The sale or purchase of goods to or from British companies will be regarded as export [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[357,358,359,362],"tags":[],"class_list":["post-17769","post","type-post","status-publish","format-standard","hentry","category-belastingen-spanje","category-business-spain","category-dochterbedrijf-spanje","category-taxes-spain"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Brexit for real: these are the tax consequences - EuroEconomics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.euroeconomics.com\/en\/brexit-for-real-tax-consequences\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brexit for real: these are the tax consequences - EuroEconomics\" \/>\n<meta property=\"og:description\" content=\"On 31 December, the United Kingdom will leave the European Union. 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