Will European Trade after Brexit Remain Simple?
Trade between the EU and the UK is fairly straightforward at present. UK companies and those from other member states simply provide their customers or suppliers with their EU VAT numbers and the VAT is generally accounted for by the member state where the goods are sent to.
The EU VAT number is the same as a UK VAT number with the addition of “GB” in front of the number. This denotes that the number is a UK VAT number but can be used and is recognised throughout the EU.
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