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Businesses would be hit by annual £15bn customs bill under no-deal Brexit

UK and EU businesses would be hit with a collective yearly customs bill of £15bn after a no-deal Brexit, according to HMRC.

Businesses would be hit by annual £15bn customs bill under no-deal Brexit
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Businesses would be hit by customs bill

Its impact assessment said:

“The latest statistic estimate for the annual administrative burden on UK businesses from import and export declarations is £7.5bn (updated to reflect 2017 UK data) with import declarations for all EU trade in goods movements.”

Read more at Small Business

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