Financial Secretary to the Treasury Mel Stride has responded to a written question from David Jones MP, regarding opportunities to reform the VAT system post-Brexit.
David Jones: To ask Mr Chancellor of the Exchequer, what assessment he has made of opportunities to reform the VAT system to support the charity sector following the UK’s departure from the EU.
Mel Stride: All taxes remain under review and future decisions on VAT will be continue to be taken as part of the normal Budget process following the UK’s departure from the European Union. In the meantime, the UK remains a member of the EU and will continue to meet its rights and obligations. That includes the application of EU VAT rules.