Q&As

Do you have guidance on the general implications for UK trade in services with the EU27 if the UK trades with the EU on World Trade Organization rules following a ‘no deal’ Brexit outcome in March 2019?

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Published on LexisPSL on 05/02/2019

The following Commercial Q&A provides comprehensive and up to date legal information covering:

  • Do you have guidance on the general implications for UK trade in services with the EU27 if the UK trades with the EU on World Trade Organization rules following a ‘no deal’ Brexit outcome in March 2019?
  • The World Trade Organization
  • WTO rules
  • Schedules
  • Summary of the role of GATS
  • Impact of trading under WTO Rules
  • Value added tax (VAT)
  • Standards and regulation
  • Other materials on the WTO
  • Other materials on ‘no deal’ Brexit published by the EU and UK

For the purposes of this Q&A we have focused on the matters directly relevant to World Trade Organization (WTO) rules as they relate to general trade in services between the remaining members of the EU (EU27) and the UK. This response does not focus on other legal, commercial and operational aspects which may be impacted by a ‘no deal’ Brexit in March 2019, such as (a) movement of people; (b) data protection; (c) intellectual property; (d) specific services, which may be subject to specific rules or arrangements (eg the insurance, banking and financial services or e-commerce sectors).

Key guidance focusing on the WTO rules in a ‘no deal’ Brexit scenario includes:

  1. Practice Note: International trade—Brexit toolkit (in particular News Analyses: Post-Brexit trade-off—playing by the WTO rules and Brexit and the UK’s status in the WTO)

  2. Practice Note: Brexit—UK tax consequences

  3. Practice Note: Brexit—alternative UK trade models [Archived]

The UK is due to exit the EU at 11 pm UK time on 29 March 2019. Following that date the UK/EU27 legal and commercial relationship may be subject to a Withdrawal Agreement (the draft text of which includes a transitional period, during which the UK would generally remain subject to EU law (including the EU Customs Union and Single Market) for a limited time after 29 March 2019), or if negotiations fail (no deal), no such arrangement. For

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