Overview
On 24 December 2020, the UK and EU agreed a comprehensive Trade
and Cooperation Agreement ( TCA ) which sets out the
basis for the future relationship between the UK and EU. The TCA
was implemented into UK law by the European Union (Future
Relationship) Act 2020 and took effect on 31 December 2020.
The TCA is a complex agreement spanning 1259 pages, but says
very little about tax, although it does include a UK/EU commitment
to uphold international tax standards, including on the exchange of
tax information, anti-tax avoidance and public tax transparency. No
doubt tax issues relevant to the future relationship between the UK