Brexit gives rise to significant challenges for the UK in relation to VAT. The UK aspires to frictionless cross-border trade with the EU after it has left, or at least borders that are as frictionless as possible, but, at least until technology has further advanced, VAT necessitates a border between those who are inside a common VAT area and those who are not. What then is the future for VAT in the UK? In this provocative and wide-ranging article, authors Jeremy Cape, Partner, Squire Patton Boggs, and Max Schofield, Barrister, 3PB Barristers, present the most ambitious attempt so far to consider what the UK might do on VAT after Brexit. The article was first published in Vol. 27 of EC Tax Review 2018.
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