Brexit Tax Update – Future Customs Arrangements – Fantasy or Inspired?

24 August 2017
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Key takeaways

  • Earlier this week, the Department for Exiting the European Union released its first future partnership paper ‘Future customs arrangements.’
  • The paper suggests two possible approaches for a future customs arrangement with the EU: either “a highly streamlined customs arrangement” or “a new customs partnership with the EU.”
  • The proposals are highly innovative but have been condemned by some as “fantasy.”