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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!
Changes to Great Britain and Northern Ireland Tax Logic to Accommodate Brexit
This notice is intended for customers who have SuiteTax enabled and the SuiteTax Engine installed in your NetSuite accounts and may have an EU or UK tax nexus.
NetSuite is releasing an update that will allow you to comply with taxable transactions made after Brexit on 01 January 2021, including trades between and originating from Northern Ireland.
What is Changing?
The changes in logic to accommodate Brexit are as follows:
Transactions within the UK, and with a Tax Point Date of 01 January 2021 or after, will take into account the Northern Ireland Protocol. This means that for goods only, Northern Ireland (NI) will retain a special, dual status within the EU, UK VAT, the VAT Customs Union, and market for goods only. The movement of goods between NI and GB is considered a domestic transaction, whilst the movement of goods between NI and the EU remains an intra-community transaction. Transactions between the EU and GB are considered as exports or imports.
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.
