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UK/EU tax and customs negotiations: where are we now?

Timothy Lyons QC (39 Essex Chambers) discusses the main areas of difficulty which will be facing the negotiators in the coming months.

Three years ago Dr Liam Fox MP was reported as saying: ‘The free trade agreement that we will have to do with the European Union should be one of the easiest in human history’. The then secretary of state for international trade and president of the board of trade added: ‘The only reason that we wouldn’t come to a free and open agreement is because politics gets in the way of economics’ (The Guardian 20 July 2017). Perhaps though it is impossible for politics to get out of the way of economics.

The EU published its draft text of an agreement on the new partnership with the UK on 18 March 2020 (see bit.ly/3e6Xz8S). On 19 May 2020...

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