Lee Squires and Fiona Bantock (Hogan Lovells) report the latest VAT developments that matter.
European Union (Withdrawal) Bill
The Government has published a bill intended to give effect to the UK’s exit from the EU. The European Union (Withdrawal) Bill (formerly referred to as the Great Repeal Bill) reflects the principles laid out in the White Paper on exiting the EU published in March.
The Bill will repeal the European Communities Act 1972 (ECA) on the day the UK leaves the EU (exit day). It also ends the supremacy of EU law over UK law and converts EU law as it stands at the moment of exit into domestic law. However the mechanisms by which this are achieved are complex.
For VAT purposes VATA 1994 and the various regulations and orders made under it will not be affected by the repeal of the ECA. The Bill...
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Lee Squires and Fiona Bantock (Hogan Lovells) report the latest VAT developments that matter.
European Union (Withdrawal) Bill
The Government has published a bill intended to give effect to the UK’s exit from the EU. The European Union (Withdrawal) Bill (formerly referred to as the Great Repeal Bill) reflects the principles laid out in the White Paper on exiting the EU published in March.
The Bill will repeal the European Communities Act 1972 (ECA) on the day the UK leaves the EU (exit day). It also ends the supremacy of EU law over UK law and converts EU law as it stands at the moment of exit into domestic law. However the mechanisms by which this are achieved are complex.
For VAT purposes VATA 1994 and the various regulations and orders made under it will not be affected by the repeal of the ECA. The Bill...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
