Following his appearance at an oral evidence session of the Treasury committee on 23 May, HMRC’s chief executive, Jon Thompson, has confirmed HMRC’s cost estimates in a letter to the committee chair, Nicky Morgan.
Tim Sarson (KPMG) provides your monthly update on international tax.
The EU External Affairs Sub-Committee launches a new inquiry into future customs arrangements after Brexit.
Not so long ago we were promised a Brexit that would be red, white and blue, but it would appear that the true colours are green, yellow and white.
EU and UK negotiators this week agreed on a 21-month Brexit transition period. This means the UK would leave the EU VAT regime on 31 December 2020. The European Commission has published an updated draft of the withdrawal agreement, including agreement in principal on the terms of transition.