More Brexit news! Parliament vote on amendments to Brexit Customs Paper

30 July 2018

During July 2018, the UK Parliament voted to amend the Brexit Customs Paper to ensure that the UK does not remain within the EU VAT regime after leaving the EU in 2020.

The Brexit Customs Paper is a proposal on the future customs relationship between the EU and the UK post Brexit and these amendments will mean that the UK will:

  • Not attempt to collect EU VAT amounts on behalf of EU member states.
  • Not enjoy any cross border trade VAT simplifications such as VAT free (zero rated) intra-community supplies of goods and services from and to the UK.
  • Not be subject to European Court of Justice rulings on VAT and indirect tax.

     
LATEST NEWS

Belgium approves draft law for near-real-time...

July saw the Belgian Council of Ministers approve a preliminary draft law to introduce near-real-time electronic reporting of certain invoice data to the tax...

SEE MORE
VAT news
LATEST NEWS

Luxembourg proposes the introduction of electronic...

This month Luxembourg’s Government approved a draft law to introduce mandatory structured business-to-business (B2B) e-invoicing for domestic transactions...

SEE MORE
VAT news
LATEST NEWS

Germany's action plan signals move toward...

Germany has announced a 26-point “Action Plan” against tax and financial crime, which aims to increase detection risk, strengthen enforcement, and improve...

SEE MORE
VAT news

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.