The UK Government introduced the Taxation (Cross-border Trade) Bill, previously known as the Customs Bill, to Parliament yesterday, in order to provide for the creation of a standalone UK customs regime. Negotiations between the UK and the EU are still focused on withdrawal and have not yet moved onto trade.  However, this new Bill, once passed, will allow the UK Government to charge customs on specified goods and set preferential or additional duties in certain circumstances, e.g. to provide protection against unfair trade or to support developing countries by offering preferential treatment.  The Bill complements the Trade Bill which was introduced to Parliament on 7 November and which will put in place the necessary framework for an independent trade policy for the UK outside the EU.

Read the full news story here.