The government has published technical notices covering indirect taxes as part of its contingency planning for March 2019, should the UK exit the EU with no withdrawal agreement in place. Businesses and advisers involved with importing and exporting goods would be affected and many issues could still be relevant for potential future ‘deal’ scenarios.
The government emphasises that it expects to finalise a withdrawal agreement with the EU, meaning that a transitional period would be in place; deferring the majority of changes referenced in the technical notices. However, depending on the shape of any future deal, some or many of these changes are potentially required in the future.
- The UK’s EU Withdrawal Agreement
- Customs, VAT and Excise regulations: leaving the EU with no deal
- HM Treasury white papers
LIVEBLOG: Treasury Committee hearing on HMRC annual report and accounts
The House of Commons Treasury Committee questions senior HMRC officials, including planning for Brexit
21 November 2018