UK Finance Response Legislative Reform of the TMO Consultation

The Terminal Markets Order (the ‘TMO’) has provided a valuable legislative simplification, which aids the smooth operation of the commodities markets and provides an important anti-VAT fraud measure.

We are pleased that the TMO is being retained and regard this as an important opportunity to explore the modernisation of the present legislation and supporting guidance to accommodate the increasing globalisation and digitalisation of trading in commodities.

Area of expertise:
Prudential risk, reporting and tax UK Finance
UK Finance Response Legislative Reform of the TMO Consultation

14.09.23

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