axis diplomat and the Brexit Trade Deal

IMPORTANT INFORMATION FOR AXIS DIPLOMAT USERS

The trade deal that the UK has reached with the European Union does not change the requirement for axis diplomat systems to apply new VAT rules from 1st January 2021 as the UK is still leaving the EU VAT regime.

To ensure that UK VAT accounting is correctly recorded in axis diplomat, users of axis diplomat 2016 and above must ensure that their axis diplomat software is dated on or after 11th December 2020 and that ‘Maintain Brexit Settings’ is configured as follows:

This setting must be configured on all axis diplomat data sets, irrespective of the home country of the data set.

With this setting configured, axis diplomat will treat transactions between UK and EC customers and suppliers, dated on or after 1st January 2021, as Exports and Imports without the need to reclassify customer and supplier accounts.

Discover more: https://www.axisfirst.co.uk/software/brexit/