Tax analysis: The Taxation (Cross-border Trade) Bill will give the government the ability to establish a standalone customs regime, and ensure VAT and excise legislation operates effectively, following the UK’s withdrawal from the EU. Heather Gething, partner, Dorothy Livingston, consultant, and Dawen Gao, associate, all at Herbert Smith Freehills LLP, discuss the Bill in more detail, focusing on the options outlined, protection against unfair trading practices, and information sharing obligations, among other things.
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