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Taxation (Post-transition Period) Bill

08 December 2020

Proposing MP
Jesse Norman Con
Hereford and South Herefordshire
Type
Written Ministerial Statement
Department
Treasury
View on Parliament.uk -->

At a Glance

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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