The government has published the first of a group of statutory instruments to be issued covering customs, VAT and excise, to apply in the event of a no-deal Brexit scenario.
From a date to be appointed, the Value Added Tax (Disclosure of Information Relating to VAT Registration) (EU Exit) Regulations, SI 2018/1228, will allow HMRC to disclose certain information about VAT registration numbers in response to enquiries about a particular number, similar to the function currently performed by the EU ‘VIES’ system. The permitted information includes confirmation that the number is a VAT registration number allocated to a person in the UK’s VAT register and the name and address of that person.
HMRC has created a dedicated web page (bit.ly/2DYkIgl) on which it will host this collection of regulations and explanatory documents for customs, VAT and excise, intended to apply ‘on a contingency basis’ in the event of a no-deal scenario. These will be covered by a ‘single overarching HMRC impact assessment’, to be published on 4 December 2018.
HMRC says this legislation is designed to replicate broadly the current EU legislation and ‘minimise disruption of a no deal scenario on the UK’s international trade’. Reference is also made to HMRC’s ‘partnership pack’ and step-by-step guides to customs processes, first published in October.
The government has published the first of a group of statutory instruments to be issued covering customs, VAT and excise, to apply in the event of a no-deal Brexit scenario.
From a date to be appointed, the Value Added Tax (Disclosure of Information Relating to VAT Registration) (EU Exit) Regulations, SI 2018/1228, will allow HMRC to disclose certain information about VAT registration numbers in response to enquiries about a particular number, similar to the function currently performed by the EU ‘VIES’ system. The permitted information includes confirmation that the number is a VAT registration number allocated to a person in the UK’s VAT register and the name and address of that person.
HMRC has created a dedicated web page (bit.ly/2DYkIgl) on which it will host this collection of regulations and explanatory documents for customs, VAT and excise, intended to apply ‘on a contingency basis’ in the event of a no-deal scenario. These will be covered by a ‘single overarching HMRC impact assessment’, to be published on 4 December 2018.
HMRC says this legislation is designed to replicate broadly the current EU legislation and ‘minimise disruption of a no deal scenario on the UK’s international trade’. Reference is also made to HMRC’s ‘partnership pack’ and step-by-step guides to customs processes, first published in October.
