Brexit

 


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:

Two new tax/customs related statutory instruments (SIs) have been laid. 

 

Our weekly update of developments in Brexit-related secondary legislation. Four more statutory instruments (SIs) have been tabled.

Our weekly update of developments in Brexit-related secondary legislation – and it’s been a busy week.

No new statutory instruments (SIs) on tax or customs matters have been laid this week but there have been a number of developments in scrutiny committees, and these are set out below.

The government suffered another defeat yesterday, on a motion stating that MPs continued to support the government’s approach to Brexit withdrawal negotiations.

With a no-deal Brexit appearing increasingly likely, HMRC is now warning that, in that event, 245,000 businesses would face a tsunami of new customs declarations, tariffs and VAT obligations after 29 March.