Guide

Trading in the European Union

Introduction

The 28 countries of the European Union (EU) make up a huge market of potential customers and suppliers for your business.

This market can be easier to access than other overseas markets as many of the trading practices, regulations and standards apply throughout the EU. Key tasks - such as accounting for VAT - have also been simplified to facilitate trade within the EU. If you conform with UK requirements, you will generally meet requirements throughout the EU.

Important: The UK has left the EU and there is now a transition period until the end of 2020. For more information, see starting to import and exporting and doing business abroad.

This guide highlights the benefits of trading in the European Union, explains VAT within the EU and how to manage your Euro currency risk.