On 20 November 2017, the government introduced the Taxation (Cross-border Trade) Bill to parliament. This bill will be debated, and possibly amended before it becomes law.
What is the Taxation (Cross-border Trade) Bill?
It is essentially a bill about customs and import/export. The EU currently negotiates and agrees trade agreements on the UK’s behalf. The European Communities Act 1972 (ECA) gives the EU powers to do most of the strategic and policy level work with respect to trade. The ECA will be repealed by the EU (Withdrawal) Bill. The UK therefore requires new national law to replace the current EU legislation.
The EU legislation with respect to customs is contained within a number of agreements, primarily the Union Customs Code (UCC) and its implementing provisions. The Taxation (Cross-border Trade) Bill will bring the legislation regarding customs into UK law. It is a lengthy document and will require close consideration by specialists to analyse the practical implications.
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