The UK has published the Value Added Tax (Input Tax) (Specified Supplies) (EU Exit) Regulations 2019, which were made on 4 February 2019 and will enter into force on such day as the Treasury may appoint. The regulations have been made to ensure the UK's VAT regime operates as required in case the UK leaves the EU without a deal. As provided in the explanatory memorandum, the VAT system requires VAT to be charged by businesses on most goods and services supplied in the UK. Where VAT is charged, businesses may reclaim any VAT they pay on the costs of...