In this week’s EU Exit Bulletin, we update you on developments in relation to the Northern Ireland Protocol Bill and bring you the latest EU exit guidance updates and publications. See also an email from HMRC about issues experienced recently 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.
Northern Ireland Protocol Bill update
Two further committee stage sittings for the Bill took place earlier this week on Tuesday 19 and Wednesday 20 July 2022. Unexpectedly, third reading of the Bill also took place on Wednesday 20 July after MPs voted by a majority for third reading to occur before the summer recess. No amendments to the Bill were made with reports saying the UK Government sees it as their “top legislative priority”.
The Bill has now completed its various stages in the House of Commons however as summer recess begins after today Friday 22 July 2022, the Bill will not progress to the House of Lords until Parliament returns on Monday 5 September 2022. On the same day, the next leader of the Conservative Party and the next Prime Minister of the UK will also be announced.
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:-