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.
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.
HMRC wins GAAR ruling on employee shareholder share abuse
Britain says 88% of imports to face no tariffs in event of no-deal Brexit
