Prime Minister Theresa May continued to seek reassurances from European leaders about the EU withdrawal agreement as it emerged that most members of her own party would favour a no-deal Brexit.
Three-quarters of respondents in a survey of 1,215 Conservative Party activists said they regarded as “exaggerated or invented” warnings that a no-deal Brexit could cause severe short-term disruption, such as shortages of food and medicines. My news story (paywall) for Tax Notes, January 7:
May Suffers Setback as Conservatives Back No-Deal Brexit
Theresa May spoke to EU leaders over Christmas to seek “further reassurances” to shore up her Brexit deal, while Jean-Claude Juncker appealed for clarity about future EU-UK relations.
My news story (paywall) for Tax Notes, January 2:
May Seeks EU Leaders’ Assurances Ahead of Brexit Vote
Tax Notes published (paywall) the following articles in the week of December 24:
VAT Issues Need to Be Addressed in Brexit Talks, MPs Say
A significant reduction in the VAT registration threshold may be imposed on U.K. businesses if a new EU VAT directive takes effect during the proposed Brexit transitional period, a House of Commons committee said.
MPs Seek Finance Bill Change to Steer Brexit Debate
As the U.K. government ramps up preparations for a no-deal Brexit, members of Parliament hope to use a finance bill amendment to force the government to seek Parliament’s consent to such an outcome.
Digital VAT record-keeping and reporting will help businesses to get their tax right the first time, HM Revenue & Customs said as it extended a pilot scheme to half a million businesses.
My news story for Worldwide Tax Daily, published by Tax Analysts on October 18 (paywall):
HMRC Urges Businesses to Join Digital VAT Pilot
HM Revenue & Customs has alerted 145,000 businesses that trade only with EU countries to changes that would have an immediate impact in the event of a no-deal Brexit in March 2019.
HMRC sent separate letters, signed by Deputy Chief Executive Jim Harra, to VAT-registered businesses based in Northern Ireland and those based elsewhere in the United Kingdom.
For businesses outside Northern Ireland, HMRC confirmed that in a no-deal Brexit scenario, those trading with the European Union only would have to start completing customs declarations from March 2019, and that customs checks would be applied for the first time. Read more:
My news story for Tax Notes (paywall), September 14
HMRC: Letters on ‘no deal’ Brexit advice for businesses only trading with the EU, September 13