UK Trade with EU: VAT
(asked on 11th February 2021) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the economic effect on British importers of VAT charges on imported goods from the EU.
This question was answered on 22nd February 2021
VAT has historically been charged on goods imported into the UK from the EU. What has changed since 1 January 2021 is the way in which that VAT is collected.
As with all tax measures, where new changes have been introduced, the Government includes its assessment of the impacts of the changes in Tax Information and Impact Notes. Notes for measures recently legislated for in the Taxation (Post-transition Period) Act were published alongside that legislation.