Vat

HM Treasury written question – answered on 22nd February 2018.

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Photo of Lord Allen of Kensington Lord Allen of Kensington Labour

To ask Her Majesty's Government what assessment they have made of the impact of leaving the EU VAT area on British companies, including small and micro businesses.

Photo of Lord Bates Lord Bates The Minister of State, Department for International Development

It is the Government’s intention that the administration of the VAT regime following EU exit will remain largely as it currently is, as far as is desirable and practicable. Further information can be found in the Impact Assessment that accompanied the Taxation (Cross Border Trade) Bill, published on 20/11/2017.

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