Many companies face cash VAT demand post-Brexit. Under the Taxation (Cross-border Trade) Bill 2017, companies may be required to pay VAT upfront in cash to HM Revenue & Customs after Brexit. Under existing rules, goods from the European Union are referred to as “acquisitions”, with no VAT paid until the products have been sold. In a briefing, the British Retail Consortium told Parliament that retailers needed to know what their liability will be and what measures are to be taken to avoid this hit to cash flow. https://ind.pn/2qGlnwY