In this week’s EU exit corner, we bring you the latest guidance updates and publications relevant to EU exit. See also an email from HMRC about issues experienced last week with the goods vehicle movement service and HMRC has asked us to share an update on the VAT second-hand motor vehicle export refund scheme. We also update you on developments in relation to the Northern Ireland Protocol Bill.
Northern Ireland Protocol Bill update
First Committee Stage of the Northern Ireland Protocol Bill took place last week on Wednesday 13 July with a Committee of the Whole House sitting which defeated the amendments proposed by some MPs and passed the Bill to its next committee stage. Committee stage is where detailed examination of the Bill takes place.
Two further committee stage sittings are scheduled for tomorrow 19 July and Wednesday 20 July 2022 before the summer recess begins after 22 July 2022.
Although it is still unclear if/how the Conservative Party leadership race will impact the Bill, last week the new Northern Ireland Secretary of State Shailesh Vara said after the Bill’s first Committee stage hearing that the Government is giving “100% attention” to the Bill, despite the leadership race.
Members will be updated on developments in relation to the Bill in Chartered Accountants Tax News.
Second-hand motor vehicle export refund scheme – update from HMRC
The VAT second-hand motor vehicle export refund scheme which we have been updating you about was due to be introduced in October 2022. As negotiation on the Protocol continues, HMRC has advised Chartered Accountants Ireland that implementation of the new scheme has been delayed and the start date will not now be 1 October 2022. The accompanying guidance will be updated to reflect this.
HMRC wishes to reassure businesses that they can continue to use the second hand margin scheme in Northern Ireland on a limited basis until the new scheme commences.
Miscellaneous updated guidance etc.
The latest guidance updates, and publications relevant to EU exit are as follows:-