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.