Post-Brexit VAT and customs

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

Which of the following best describes 'at risk' goods?

Goods deemed dangerous like chemicals and weapons

Goods that are from politically troubled nations

Goods deemed dangerous like chemicals and weapons

Goods that are at risk of subsequently moving to the EU tariff-free

What are businesses trading goods which are subject to the Northern Ireland protocol required to do?

Notify HMRC

Apply a new rate of VAT

Apply a reverse charge

Apply for partial exemption

Which of the following is an exception to VAT under the Northern Ireland protocol of the EU withdrawal agreement?

Movement of a business's own goods from Northern Ireland to Great Britain

Sale of services

Movement of a business's own goods from Great Britain to Northern Ireland

Sale of goods

For what does the acronym VIES stand?

VAT Information Enablement System

VAT Information Equality System

Verified Information Enablement System

VAT Information Exchange System

Which of the following statements best describes the VAT rules for services now?

They have not changed from the old rules

They are no longer the same for businesses in Northern Ireland and the rest of the UK

They have changed substantially because of Brexit

They have changed partially because of Brexit

1 Unit

Post-Brexit VAT and customs

Which of the following best describes 'at risk' goods?

What are businesses trading goods which are subject to the Northern Ireland protocol required to do?

Which of the following is an exception to VAT under the Northern Ireland protocol of the EU withdrawal agreement?

For what does the acronym VIES stand?

Which of the following statements best describes the VAT rules for services now?

What is the difference between an XI number and an XI EORI number?

What is the VAT procedure for goods bought or sold domestically within Northern Ireland or between Northern Ireland and the EU?

What must businesses needing to make a customs declaration in Northern Ireland need to do?

Which of the following statements best describes a TSS?

Which of the following is not still going to be required?

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