UK Trade with EU: VAT

(asked on 12th April 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect on small businesses of VAT charges on goods imported from the EU.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 20th April 2021

Any businesses, including small businesses, that are registered for UK VAT have the ability to reclaim VAT charged on goods imported from the EU on their VAT return.

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.

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