The post-Brexit interpretation of UK VAT law

Richard Iferenta

Raymond Hill

After formal Brexit, it is likely that the decisions of the CJEU on the VAT directives will remain of persuasive authority in interpreting the UK VAT Act, write Richard Iferenta (KPMG) and Raymond Hill (Monckton Chambers).

The UK has formally voted to leave the EU and the government has since confirmed that ‘Brexit means Brexit’. However there remains significant uncertainty regarding what the UK’s relationship with the EU will look like after formal withdrawal takes place.

Whilst nobody has a crystal ball and the consequences of Brexit are not yet clear there will no doubt be political considerations that will drive the negotiations. The UK government’s objective must be to ensure that the UK remains competitive (or indeed becomes more competitive) in a post-Brexit world with VAT being only one of a number of considerations. Taxation is clearly a key differentiator for countries but there

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