As reported previously in Tax Journal, the Value Added Tax (Miscellaneous Amendments and Repeals) (EU Exit) Regulations, SI 2021/714, make various amendments to existing VAT legislation to ensure it operates as intended, following a review by HMRC of the UK’s post-Brexit VAT rules, particularly in relation to the operation of the Ireland/Northern Ireland Protocol.
As originally drafted, SI 2021/714 was set to come into force on 1 July 2021, although HMRC’s intention was for the changes to come in alongside those made in SI 2021/715 with effect from 1 August 2021. The Value Added Tax (Miscellaneous Amendments and Repeals) (EU Exit) (Amendment of Coming into Force Date) Regulations, SI 2021/779 corrects the drafting error.
HMRC has published a tax information and impact note explaining the effect of the changes made by both substantive SIs.
As reported previously in Tax Journal, the Value Added Tax (Miscellaneous Amendments and Repeals) (EU Exit) Regulations, SI 2021/714, make various amendments to existing VAT legislation to ensure it operates as intended, following a review by HMRC of the UK’s post-Brexit VAT rules, particularly in relation to the operation of the Ireland/Northern Ireland Protocol.
As originally drafted, SI 2021/714 was set to come into force on 1 July 2021, although HMRC’s intention was for the changes to come in alongside those made in SI 2021/715 with effect from 1 August 2021. The Value Added Tax (Miscellaneous Amendments and Repeals) (EU Exit) (Amendment of Coming into Force Date) Regulations, SI 2021/779 corrects the drafting error.
HMRC has published a tax information and impact note explaining the effect of the changes made by both substantive SIs.