BREXIT: UK internal market bill far from being ready

Sep 21, 2020 | VAT Updates

UK’s internal market bill although not ready it is sparkling controversial discussions about the final agreement. More specifically the bill in its early stage allows ministers to pass regulations that oppose the withdrawal agreement signed with the EU. At the same time it currently waives export formalities on the trade of goods between N.Ireland and  Great Britain.

In order for the bill to stay within international law and the agreement with EU it still needs a lot of fine-tuning so that bigger trade deals and agreements between the EU and UK are not jeopardized.

Source Credit: VATupdate.com

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