UK Steel Response to Taxation Bill

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Since the referendum, UK Steel has consistently indicated that the one key concern arising from Brexit is that, if the UK ceases to be in a customs union with the EU, it must introduce a WTO compatible trade defence system that is at least as effective as that maintained by the EU. The new Taxation (Cross-border Trade) Bill, introduced in the House of Commons on 20 November 2017, includes provision for such a system.

 

It is essential for the UK to have the full range of WTO-compatible trade defence remedies available to it at the point of departure from the EU, together with a system of effective implementation. More than any other sector, the steel industry has been responsible for investigating allegations of dumping by exporting producers. UK Steel welcomes the Taxation (Cross-border Trade) Bill and our full response is available here.

 

UK Steel has produced an additional three briefing papers this year addressing, in detail, the provisions that should be adopted by the UK in pursuit of free trade. These papers are also included below.

 

 

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