News in brief… 27 March 2023

UK parliament passes Australia-UK Free Trade Agreement legislation; ATO update: Nine GST determinations on waiving tax invoice requirement registered

UK parliament passes Australia-UK Free Trade Agreement legislation The Parliament of the United Kingdom (UK) has announced that its legislation to ratify the Australia-UK Free Trade Agreement (A-UKFTA) will be receiving Royal Assent. According to Minister for Trade and Tourism Don Farrell, the A-UKFTA represents the UK's first new trade deal signed since Brexit and will remove tariffs on over 99 per cent of the $9.2 billion Australian goods exported to the UK annually. In addition to that,...

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Published Date: 27 March 2023