(Reuters) – The British government is planning laws that would repeal important parts of the Brexit withdrawal agreement and risk the collapse of trade talks with Brussels, the Financial Times reported on Sunday. Irish Foreign Minister Simon Coveney, who played a key role in negotiations on the withdrawal agreement and the Northern Ireland protocol, said on Twitter that the reported step was “a very ill-advised path.” The move comes as Britain and the European Union resume talks on a trade deal, with Johnson saying on Sunday that if no deal is reached by October 15, both sides should “accept that and continue.” Questions and answers on the UK`s withdrawal from the European Union on 31 January 2020 A source told the FT that the measure could “clearly and deliberately” undermine the agreement on Northern Ireland signed by Prime Minister Boris Johnson last October to avoid a return to a hard border in the region. Part of the Internal Market Act, due to be published on Wednesday, is expected to “remove the legal force of parts of the withdrawal agreement” in areas such as state aid and Northern Ireland`s customs law, the newspaper reported, citing three people familiar with the plans. The withdrawal agreement between the European Union and the United Kingdom sets out the conditions for the UK`s orderly exit from the EU, in accordance with Article 50 of the Treaty on european Union. The sooner you prepare for these changes, the less likely you are to face major interruptions after the transition period. The full list of on-call instructions is available here. The Brexit VAT regime for Northern Ireland will occupy a particular dual position. You will find national contact points in your country in the contact list. You must complete additional formalities when importing or exporting excised goods (alcohol, tobacco or fuel) to the UK. The aforementioned elements of the withdrawal agreement are aimed at ensuring the smooth flow of trade on the island of Ireland and maintaining North-South cooperation. Get the latest VAT information directly in your inbox and stay informed of all VAT developments around the world.

The withdrawal agreement came into force on 1 February 2020, after being adopted on 17 October 2019, at the same time as the political declaration setting the framework for the future partnership between the EU and the UK. Senior officials from Northern Ireland`s parties, Sinn Fein and the SDLP, the region`s two main Irish nationalist groups, also criticised the UK government`s plan. The transition period will run until 31 December 2020, when the UK leaves the EU. During the transition period, the status quo will essentially be maintained, but the UK will play no role in decision-making within the EU. In addition, you should be aware that these are no longer considered “rules of origin” under current EU preferential regimes when using British materials or processes. The UK will also leave the EU customs union at the end of 2020. This has eliminated tariffs and declarations on goods circulating between Member States. As a result, all goods travelling between the Uk and the European Union must be subject to customs declarations and may be subject to tariffs. The terms will be negotiated by 31 December 2020, with the EU and the UK seeking a free trade agreement.