HMRC has issued Customs Information Paper 42 (2016) in relation to the referendum vote to leave the European Union (EU). The paper clarifies that there will be no immediate change to the movement of goods in or out of the UK. Until Article 50 invoked the UK will continue to engage in UK business as usual. When Article 50 is invoked the UK will remain bound by EU law until the exit has been determined but will not be involved in decision making in the EU. The period from invoking Article 50 until the completion of negotiations for the exit is expected to be at least two years.
Related Posts

UK: HMRC publishes roadmap for mandatory VAT e-invoicing
UK’s HM Revenue & Customs (HMRC) published an e-invoicing implementation roadmap on 28 October 2026, setting out
Read More
UK freezes fuel duty until July 2027
Britain will keep fuel duty frozen and extend a temporary 5p cut, Finance Minister John Healey said on 28 October 2026
Read More
UK doubles bank tax surcharge for 15 months
The UK Finance Minister John Healey announced on 28 October 2026 that the UK will double a tax surcharge on banks for
Read More
UK Budget 2026 sets out major corporate, personal and indirect tax reforms
UK’s Chancellor of the Exchequer John Healey presented Budget 2026 to Parliament on 28 October 2026. Most of the
Read More
Trade defence on polymer imports dominate the UK tariff schedule
Targeted trade-defence action defined the UK Global Tariff this week as authorities enacted immediate import controls
Read More
UK: HMRC updates VAT guidance on cryptoassets
The UK’s HM Revenue & Customs (HMRC) published Help with VAT treatment of cryptoassets, Guidelines for Compliance
Read More