Technically and theoretically 2300 this evening was the time that the UK was going to leave the European Union. All we know is that that isn't going to happen. Everything else and the impact of whatever outcome is finally agreed upon is unknown. The good news is that the Zoho Finance suite is prepared for whatever eventuality does occur. 

HMRC has been consistently giving guidance on preparing for a no-deal Brexit, here are some of the changes, a no-deal Brexit would bring about on Import and Export from or to the EU:

1. Sales of Goods to the EU consumers will be Zero-Rated as any other Export.
2. Purchase of Goods from the EU will no more be treated as "acquisitions". It would rather be treated as Import, with a postponed accounting in place.
3. There are changes in the VAT return post Brexit with no-deal, to include all the Imports and deferred payments on Imports.
4. To the non-UK businesses selling digital services to the UK, MOSS will no more include UK in case of a no-deal Brexit. Businesses will have to register in the UK to pay VAT.

Zoho's Finance apps are ready to accommodate these changes, and once Zoho know the results of a Brexit deal, the applications will validate post-Brexit export and import transactions appropriately.

More information on how to prepare your businesses for VAT after Brexit can be viewed at: https://www.gov.uk/government/publications/vat-for-businesses-if-theres-no-brexit-deal.