[Published: Wednesday July 15 2020]
UK Businesses face £13bn bill for Brexit border checks
LONDON, 15 July. - (ANA) - Businesses trading between the UK and the EU will have to pay additional costs of up to £13 billion ($18 billion) next year as a result of post-Brexit border checks.
Government officials have confirmed that companies will have to fill in approximately 400 extra customs declarations a year after additional checks come into effect in January 2021.
“In total, an estimated 215 million will have to be completed by businesses trading with the EU, with an equivalent number filled in by companies in Europe,” The Times reports. - (ANA) -
AB/ANA/15 July 2020 - - -
|