HMRC publish TIIN on VAT EU exit regulations

Released 19 November 2020

HMRC have published a Tax Information and Impact Note (TIIN) covering the VAT (Miscellaneous Amendments to Acts of Parliament) (EU Exit) Regulations 2020, which deal with the VAT zero-rate applied to the handling of qualifying aircraft and the handling and storage of the goods.

Broadly, the Regulations are designed to make sure that supplies of the handling of qualifying aircraft and the handling and storage of goods carried by them continue to be VAT zero-rated. Currently UK legislation only provides for this relief in respect of qualifying aircraft and goods handled at customs and excise airports.

Further information can be found at https://www.gov.uk/government/publications/vat-miscellaneous-amendments-to-acts-of-parliament-eu-exit-regulations-2020.

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