Far from replacing VAT with ‘a lower, simpler, sales tax’ on Brexit as some have suggested, the government in fact legislated for continuity on the interpretation of VAT, incorporating EU VAT law into UK VAT law by way of the European Union (Withdrawal) Act 2018. Fresh challenge came with REULA 2023, and its stated purpose to sunset the majority of retained EU law, but it now seems the challenge has been seen off with the circulation of draft legislation intended for the Finance Bill, effectively ensuring that the position with retained EU VAT law under REULA 2023 will not be all that different from what it is currently under the Withdrawal Act 2018.
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Far from replacing VAT with ‘a lower, simpler, sales tax’ on Brexit as some have suggested, the government in fact legislated for continuity on the interpretation of VAT, incorporating EU VAT law into UK VAT law by way of the European Union (Withdrawal) Act 2018. Fresh challenge came with REULA 2023, and its stated purpose to sunset the majority of retained EU law, but it now seems the challenge has been seen off with the circulation of draft legislation intended for the Finance Bill, effectively ensuring that the position with retained EU VAT law under REULA 2023 will not be all that different from what it is currently under the Withdrawal Act 2018.
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