Due to the exit of the United Kingdom from the European Union as of 1 January 2021, the concepts of intra-Community transactions between Monaco and the United Kingdom are now replaced by the concepts of import and export in from or to a third state.
Unlike intraCommunity transactions, import and export transactions require the filing of specific declarations with the Customs and Indirect Duties when the transactions are carried out.
On export, the value added tax relief must be justified in accordance with the provisions of Article A-52 of the Annex to the Turnover Tax Code.
On import, value added tax must be calculated in accordance with Article 83 of the above-mentioned Code.
As a result, transactions with the UK from 1 January 2021 should no longer give rise to the filing of European service and / or trade declarations.
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On the other hand, Monegasque companies not carrying out taxable transactions in the UK may apply for refund of VAT borne for the acquisition of goods or
services in the UK for 2020 via e-RMB-UE until 31 March 2021 complying, as previously, with the special refund rules laid down in the Directive 2008/9 / EC of the Council of 12 February 2008.
However, this procedure reserved for Community taxable persons is no longer applicable to applications for refund of VAT borne in the United Kingdom from 1 January 2021.
These should be sent directly to the UK Tax Administration in accordance with a legal procedure laid down by the UK.
For further details, you can contact Mr. Olivier BIGARD: 126.96.36.199
Source : Gouvernement Monaco