The Windsor Framework, amending the Northern Ireland Protocol, includes changes to rules for movements of goods from Great Britain into Northern Ireland. ICAEW’s Tax Faculty sets out the VAT and duty implications.
On Monday 27 February, the UK and the EU agreed a deal in principle to make changes to the Northern Ireland Protocol.
The new deal, referred to as the Windsor Framework, is designed to:
- restore the smooth flow of trade within the UK internal market (paras 9–27);
- safeguard Northern Ireland’s place in the Union (paras 28–55); and
- address the “democratic deficit” (paras 56–72).
The deal will be subject to a vote in parliament, though timings of any vote are yet to be confirmed.
Although the framework will have wide-ranging effects on Great Britain, Northern Ireland and the EU, this article focuses on the VAT and duty implications.
- Goods movements
- VAT and excise
Source: www.icaew.com
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