UK: Post-Brexit customs, VAT and excise tax measures proposed for Northern Ireland
UK: Post-Brexit customs, VAT and excise tax measures
The UK government—as the Brexit transition period closes on 31 December 2020—has introduced legislation that includes measures in respect of changes related to customs, value added tax (VAT), and excise tax law in order to comply with the provisions of the Northern Ireland Protocol.
The bill also sets out a new model for the VAT treatment on goods arriving into the UK.
Read a December 2020 report prepared by the KPMG member firm in the UK
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