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14th January 2022, 20:46

Sir Joe Bossano says Gibraltar will NOT be part of the Customs Union and will remain VAT free

Published by GBC News

The Minister for Economic Development has stressed that Gibraltar’s future relationship with the EU and Spain will NOT see it being part of the Customs Union. Asked about the negotiations for a future relationship Treaty, Sir Joe Bossano told us there will have to be an evaluation - with the business community - of the importance of freedom of movement.

First, he told us categorically that Gibraltar will not have VAT, though there may be a level of import duty collected on importation which reflects VAT levels for different goods.