Summary form EY (weekly VAT news week of Dec 14)
These Regulations form part of legislation to be made under the Taxation (Cross-border Trade) Act 2018 (TCTA) to ensure that the UK has a customs regime in place at the end of the transition period following the withdrawal of the UK from the EU.
The measures concern how and when TCTA is to apply to goods in Great Britain under the separation provisions of the Withdrawal Agreement of the UK from the EU (the Withdrawal Agreement). These measures relate to goods where a customs procedure had commenced, or a movement had begun, before the end of the transition period but is completed after that point. The Regulations also amend EU Exit instruments to take account of the Withdrawal Agreement.
Source legislation.gov.uk
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