Be Prepared for 1st January 2021
In less than 4 months' time the UK will leave the European Union (31 December 2020). At the time of writing there is no agreement in place to determine what the status of goods (including business aircraft) imported into the EU (including the UK and Isle of Man) before 31 December 2020 will be.
In the newsletter attached Martyn Fiddler Aviation outline the list of possible results, explaining the impact of each scenario and the work that will be requested of aircraft owners in order to remain in free circulation in both the UK and the EU.
We hope this article will help to answer any questions you may have at this point. The message here is to take tax advice as early as possible. Martyn Fiddler Tax will be able to advice and our team of experts will be able to assist you with best solution for you.
Please get in touch if you have any questions or request further information about our post Brexit solutions.