Commons Sense

House of Commons · Written Ministerial Statement

Taxation (Post-transition Period) Bill

08 December 2020 · Treasury

Proposed by Jesse Norman Con Hereford and South Herefordshire

BrexitTaxation

Summarised by AI from the official record, so it can contain mistakes.

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At a glance

Key points

  • The Government will introduce the Taxation (Post-transition Period) Bill to prepare for changes post-Brexit Transition Period.
  • The Taxation (Post-transition Period) Bill will ensure necessary VAT and customs duties legislation is in place by the end of the Transition Period.
  • The Government will introduce Finance Bill legislation following the next Budget in spring.

Issue summary

The statement addresses the tabling of resolutions for the Taxation (Post-transition Period) Bill to prepare for changes post-Brexit Transition Period.

Action requested

The Government will introduce Finance Bill legislation following the next Budget in spring, and the Taxation (Post-transition Period) Bill will ensure necessary VAT and customs duties legislation is in place by the end of the Transition Period.

Key facts

  • The Taxation (Post-transition Period) Bill supports smooth continuation of business across the UK.
  • It includes changes for VAT and customs and excise duties to support the Northern Ireland Protocol.
  • A new system for collecting VAT on cross-border goods will be introduced.
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