Pegasus Announcement: BREXIT IS COMING – ARE YOU PREPARED?

As we approach the end of 2020 we have some crucial Pegasus news to share with you.

Brexit Update

If you currently trade with the EU you must upgrade your Opera 3 system to Brexit Release 2.80.50 by 31st December 2020.

If you need to produce commercial invoices detailing commodity codes, net mass, gross weights, customer EORI numbers etc. then the EC VAT module will be required.

As more information is released about Brexit we will let you know what these changes mean for you.

If you fall into needing to upgrade please get in touch with our Pegasus support Helpdesk team (pegasus@tmb.co.uk).

More information on Pegasus and Brexit can be found on these links:

The Border with the European Union – Importing & Exporting Goods

The Border with the European Union – Preparing for the Future

The Border with the European Union – Conforming to the new Brexit rules and requirements from 1 January 2021

Postponed VAT

Accounting On 1 January 2021 the transition period with the European Union (EU) will end and the United Kingdom (UK) will operate a full, external border which means that controls will be placed on the movement of goods between Great Britain (GB) and the EU.

Postponed VAT Accounting (PVA) is also being introduced from 1 January 2021 for all imports of goods. This means that UK VAT registered traders will be able to account for the import VAT on goods imported into the UK on their VAT returns and pay and recover import VAT on the same VAT return. This measure will apply to goods imported from all countries, both EU and non-EU.

Release information: Opera 3 (2.80.00), Pegasus Web Xchange (PWX) (2.20.00) and Scheduler (2.20.50)

If you have any questions about this please call 0333 900 9050 or contact your current TMB account manager.