Clarity over VAT on transactions spanning 31 December 30 December: HMRC has published guidance on the VAT treatment of transactions that are ongoing and goods that are in transit between Great Britain and the EU when the Brexit transition period ends on 31 December 2020. The guidance focuses primarily on goods that are in transit between the EU and Great Britain at that time, but also provides information on call-off stock and for fulfilment houses storing goods imported before the end of the transition period. It also covers VAT treatment of certain supplies of financial services and other services between the UK and EU.