Our regular update of tax and customs-related developments in secondary legislation.
SIs laid in the past week
Procedure: Made negative. Made date: 2 July 2019. Laid date: 2 July 2019. Coming into force date: 23 July 2019. Laying body: Department for International Trade. Objection period ends: 18 September 2019. Applicability: UK-wide.
Purpose of the instrument: The Taxation (Cross-border Trade) Act 2018 (“TCBTA”) sets out the framework for the UK’s trade remedies system once the UK operates its own trade policy after the withdrawal of the UK from the EU. This instrument makes minor amendments to the Trade Remedies (Increase in Imports Causing Serious Injury to UK Producers) (EU Exit) Regulations 2019 (SI2019/449) and the Trade Remedies (Dumping and Subsidisation) (EU Exit) Regulations 2019 (SI2019/450). In addition, the instrument makes technical amendments to those regulations to provide for the TRA to undertake certain functions during an implementation period for EU exit and following conclusion of an implementation period. (More in the Explanatory Memorandum.)
Select committee scrutiny
At its meeting on 3 July the Joint Committee on Statutory Instruments did not consider any relevant instruments.
Regulations for the new Structures and Buildings Allowance were passed by MPs. See separate report, above.