Brexit Brexit is the scheduled withdrawal of the United Kingdom (UK) from the European Union (EU). Read in detail on wikipedia .  Brexit requires many changes in Netsuite system too.   VAT rules and implications for goods and services traded between U.K. and EU when U.K. leaves the European Union (EU) are as follows: 1. Import VAT on goods to U.K. from outside the EU 2. Import VAT on goods to U.K. from the EU 3. Export of goods from U.K. to EU (B2B) 4. Import/export of services to/from U.K 5. Distance selling (B2C) 6. VAT Return 7. No EC Sales or Intrastat reports will be required to be submitted Steps needed in Netsuite related to tax codes: 1 . Inactivate the EC Tax Codes : Inactivate EC tax codes as they no longer required. In specific use cases like: Order is in backorder and Invoice is pending, you can still keep them active and inactivate later. 2 . Create new Tax Code : Create new tax code for UK specific. 3 . Update the Tax Schedules .: Navig...