Brexit factsheet

By Technical Team on 04 Oct 2018

The CIOT, in conjunction with the ICAEW and ICAS, has produced the first in what is hoped to be a series of factsheets about Brexit, providing a high-level yet practical summary of relevant issues.

This factsheet looks at The Taxation (Cross-border Trade) Act 2018 which received Royal Assent on 13th September 2018. The Act provides a framework of enabling powers to impose and regulate a UK customs duty regime on the import and export of goods, and amend current UK VAT and excise duty laws, once the UK has left the EU.

Technical Team

Posted in: Technical News