Treasury: Brexit

(asked on 4th September 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, which EU legislation within his Department's responsibilities will (a) be incorporated into UK law through the European Union (Withdrawal) Bill and (b) require to be amended under powers in that Bill.


Answered by
Steve Barclay Portrait
Steve Barclay
This question was answered on 12th September 2017

The EU Withdrawal Bill will be the primary vehicle for domesticating the financial services regime and ensuring that it can function when the UK leaves the EU. The Bill will also preserve a large body of EU law relating to customs, taxes and anti-money laundering. In the case of customs duty, VAT and excise, the domesticated EU law will be replaced under the Customs Bill.

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