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Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.
Keep an eye out for upcoming NetSuite events, including meetups, workshops, and webinars. These sessions are a great way to connect with peers, learn from experts, and stay current on the latest NetSuite updates and best practices. Registration links are provided in each event.
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Join the NetSuite community to innovate, connect, and discover what’s next.
SuiteWorld brings thousands of innovators, builders, and leaders together to learn, connect, and shape what’s next. This October, explore how to build a stronger foundation for growth through inspiring keynotes, major product reveals, hands-on sessions, and unforgettable moments—all in one place for our biggest event of the year. Register now
Join the NetSuite community to innovate, connect, and discover what’s next.
SuiteWorld brings thousands of innovators, builders, and leaders together to learn, connect, and shape what’s next. This October, explore how to build a stronger foundation for growth through inspiring keynotes, major product reveals, hands-on sessions, and unforgettable moments—all in one place for our biggest event of the year. Register now
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:
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