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Brexit red tape onslaught deepens as UK economy loses £47bn because businesses drown in cross-border tax complexities

Cross-border tax complexities cost the UK economy £47.6bn in lost revenue last year, an average revenue loss of 16 per cent on total EU exports, according to fresh industry data.

Brexit red tape onslaught deepens as UK economy loses £47bn because businesses drown in cross-border tax complexities
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The stresses of navigating complex regulations post-Brexit continues to hold back growth for UK exporters, and is causing significant anxiety for business leaders, according to tax compliance technology company Avalara, analysing recent data from the Centre for Economics and Business Research (CEBR).

Read more at City A.M.

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