Brexit

HM Revenue and Customs (HMRC) has automatically registered 95,000 businesses for its simplified import procedures allowing most traders up to six months to pay import duties and submit customs declarations, if the UK leaves the EU without a deal on 31 October. What is the TSP scheme? The scheme, known as Transitional Simplified Procedures (TSP), … Read more 95,000 firms onto simplified import procedures

HMRC has revised its assessment on the cost to business in the case of a no-deal Brexit. Estimated to cost £15bn a year for ongoing administrative costs for UK-EU trade and up to £56 per declaration HMRC impact assessment for the movement of goods if the UK leaves the EU without a deal (third edition) … Read more No-Deal Brexit