Brexit

 


The UK and EU agreed a Trade and Cooperation Agreement (TCA) on Christmas Eve. This was passed by the UK Parliament on 30 December and took effect at the end of the following day as the UK left the single market and customs union at the end of the Brexit transition period (also known as the implementation period). While the agreeing of a deal (even a fairly limited one) has been widely welcomed, the rushed process, requiring businesses to adopt new ways of working at a few days notice, has faced criticism.

January 2021 will bring an end to the main opportunities for alcohol excise duty fraud and must mean changes to HMRC’s anti-fraud Due Diligence Condition, writes Alan Powell, excise specialist and a member of the CIOT's Indirect Taxes Committee

Legislation to establish the special VAT and customs regime that will apply in Northern Ireland from next month has completed its passage through the UK Parliament ahead of the end of the Brexit Transition Period.

Legislation to establish the special VAT and customs regime that will apply in Northern Ireland from next month, and to scrap low value consignment relief across the UK, has begun its passage through the UK Parliament ahead of the end of the Brexit Transition Period at the end of the month.

The UK has a once-in-a-lifetime chance to craft and simplify VAT and customs duties after Brexit, agreed tax experts at a CIOT/IFS ‘virtual’ debate on ‘VAT and Customs Duties after Brexit’.

The Public Accounts Committee (PAC) is looking at what happens at the UK Border when the Brexit transition period ends on 31 December 2020. The Committee has questioned senior officials from a number of government departments on the Government’s preparedness for the end of the transition period.

The Treasury Committee is looking at the UK’s proposed customs policies and procedures once the transition period expires on 31 December 2020.

The Ireland/Northern Ireland Protocol (“The Protocol”) is legally effective from 1 January 2021 irrespective of whether a Free Trade Agreement (FTA) is agreed or not. And with the deadline approaching fast, it is alarming that there are so many unanswered questions.

The House of Commons Treasury Committee has held an evidence session to look at the UK’s proposed customs policies and procedures once the transition period expires on 31 December 2020. Witnesses in the session on Tuesday (22 September) were Allie Renison, Head of EU and Trade Policy, Institute of Directors (IOD); Elizabeth de Jong, Director of Policy, Logistics UK; Tim Reardon, Head of EU Exit, Port of Dover; and Dr Anna Jerzewska, trade expert.

A delegated legislation committee considered three statutory instruments that will be needed in the event of a ‘no deal’ Brexit: