Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether HMRC has plans to introduce postponed accounting for VAT for importers in the event that the UK leaves the EU with a deal.

Businesses currently benefit from postponed accounting for VAT when importing goods from the EU. The Government recognises the importance of such arrangements to business due to the cash flow advantage they provide. The Government will take this into account when considering potential changes following EU exit.