Imports: VAT

Treasury written question – answered on 11th October 2018.

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Photo of Theresa Villiers Theresa Villiers Conservative, Chipping Barnet

To ask the Chancellor of the Exchequer, whether the Government is seeking continued access for the UK to the VAT Information Exchange System after the UK leaves the EU.

Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General

The Government’s aim is to keep VAT processes as close as possible to what they are now. This will provide the best continuity and most certainty for businesses and individuals.

The Government supports administrative cooperation and exchange of information between countries, to help combat tax avoidance and evasion. The Government also supports the use of technology to underpin this and to simplify business burdens more generally.

The Taxation (Cross-border Trade) Act 2018 therefore provides the ability to enable continued access to, or to adapt, these procedures and IT systems.

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