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The Cross-Border Trade Bill

The Bill tries to accommodate all plausible outcomes, write Sara Luder and Philip Higham (Slaughter and May), but offers no real clarity on what the system will actually look like following Brexit.
 

The Taxation (Cross-Border Trade) Bill (the Bill) was introduced in Parliament on 20 November 2017. The purpose of the Bill is to ensure that post-Brexit the UK has a functioning import duty excise duty and VAT regime so that the tax treatment of cross-border trade both with EU and non-EU countries reflects the eventual outcome of the continuing Brexit negotiations.

The problem of course is that no one knows what that outcome will be.

The Bill therefore tries to accommodate all plausible outcomes from a ‘hard’ Brexit to a Brexit of varying degrees of ‘softness’ leaving it to the government to decide nearer the time which provisions of...

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