The Treasury, in exercise of the powers conferred by sections 51, 52 and 56 of the Taxation (Cross-border Trade) Act 2018 (“TCTA”), and section 86(1) of, and paragraph 1(3) of Schedule 23 to, the Finance Act 2011 , and the Commissioners for Her Majesty's Revenue and Customs, in exercise of the powers conferred by sections 16A of the Value Added Tax Act 1994 , and sections 20 and 52 of, and paragraph 3(1)(c) of Schedule 6 to, TCTA 2018 , make the following regulations.
The Treasury consider it appropriate in consequence of, or otherwise in connection with, the withdrawal of the United Kingdom from the EU to make provision in relation to value added tax, including such provision as might be made by Act of Parliament, and to make provision, including transitional, transitory or saving provision, in consequence of, and in connection with the coming into force of, TCTA 2018.
In accordance with section 52(2) of TCTA 2018, the Commissioners and the Treasury consider it appropriate in consequence of, or otherwise in connection with, the withdrawal of the United Kingdom from the EU, for these Regulations to come into force on such day or days as the Treasury may by regulations under section 52 of TCTA 2018 appoint.