What will Brexit mean for VAT?

VAT is a European Union tax, and the UK will be free to develop its own, entirely separate VAT system once it is outside the EU. A Great Repeal Bill will repeal the European Communities Act 1972 and convert existing EU law into domestic UK law, according to a March 2017 white paper setting out a Conservative government’s approach to legislating for Brexit.

Parliament will then decide which elements of that law to amend or repeal. Read more:

My article at AAT Comment, June 5