Imports: VAT

(asked on 8th January 2018) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what steps they are taking to address concerns about disruptions in cash flows if businesses are required to pay VAT upfront on imports following Brexit.


Answered by
Lord Bates Portrait
Lord Bates
This question was answered on 22nd January 2018

The Chancellor is fully aware of the importance of this issue and will consider this as part of any decision making following EU exit, as set out in the Autumn Budget. The government’s aim is to keep tax and duty processes as close as possible to what they are now.

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