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We’re excited to announce that the 2025 Community Recap is now available! This special recap highlights the amazing contributions and achievements of our members over the year and celebrates the collective success of our community.
Check your personalized recap to see the impact you made in 2025 and how your efforts helped shape our community’s growth and success.
View Your 2025 Community Recap
Thank you to everyone for your passion, collaboration, and support. Here’s to building an even stronger community together in the year ahead!
UK VAT Rule Changes Related to EU Exit
This notice is intended for NetSuite Accounts that have a United Kingdom (U.K.) subsidiary or a European Union (EU) subsidiary and you installed the International Tax Reports SuiteApp.
What is Changing?
The United Kingdom (U.K.) is slated to exit the European Union (EU) on January 31, 2020 under the Brexit Withdrawal Agreement. However, the U.K. will remain within the EU VAT regime, Single Market and Customs Union during the exit transition period until December 31, 2020. This means that the necessary tax setup features and VAT reporting changes for the UK VAT100 return will be effective on January 1, 2021.
The following guidance is issued by the U.K. government on the changes for VAT rules and implications for goods and services traded between the U.K. and the EU:
Regards,
@Robert Nedelkow-Oracle | NetSuite Support Community Administrator
In case you know someone who is new to NetSuite, we encourage you to direct them to our newly launched "New to NetSuite" page. This page is specifically designed to offer them information and guidance and help them make the most out of their NetSuite journey. Click here for more details.