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A brief & simple thread on a long & complicated #Taxation Bill💶💷

This sees aspects of NI/IRL #Protocol brought into effect

TL;DR The Irish Sea is now a #customs border.
What this means in practice depends on UK-EU deal + details of y'day's JC agmt

bills.parliament.uk/bills/2811
1/8
#TaxationBill is infamous:

To push agmt on the #Protocol, UKG threatened to use this Bill to breach it [I'm aware that sounds nonsensical]

What UKG wd hv broken was the need for *joint* UK-EU decisions on how to implement the Protocol.
We're told they have these ready now.

2/8
First, one ‘boon’ for NI from the #Protocol & confirmed in this #Bill, UK-EU Deal or No Deal:

EU goods entering NI will be treated as domestic goods & will not be charged import duty.

VAT/excise rules for mvnts btn NI & EU will continue to apply, ‘modified as necessary’.

3/8
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