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NetSuite has launched SuiteSuccess Wholesale Distribution Edition, in Japan. Please join us the webinar on February 12 that introduces NetSuite solution with demos and case studies for Wholesale Industry.
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Brexit Transition: Tax Account Setup Changes (except SuiteTax)
This notice is intended for NetSuite Accounts that have a United Kingdom (UK) subsidiary or a European Union (EU) subsidiary.
NetSuite SuiteAnswers will shortly include a Brexit training recording, which will be followed by a customer webinar in January 2021.
What is Changing?
The Brexit transition period ends this year. This means the UK will leave the European Union VAT regime, Customs Union, and the Single Market on December 31, 2020.
Postponed VAT Accounting
Beginning January 1, 2021, if your business is registered for VAT in the UK, you will need to account for import VAT on your VAT Return for goods that you import into:
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.