No-deal Brexit outcome means higher costs in buying from the EU, says UK government
The first set of technical notes on a no-deal Brexit scenario is published
UK banks in EU to default to member state rules in a no-deal event
Credit card payments likely to increase
Costs and processing time for euro transactions could increase
UK citizens in EU risk losing access to UK bank accounts
Customs declaration would be needed when goods enter/leave the UK to/from EU
UK companies need to pay VAT and import duties for EU goods
Tariffs applied may be different to current EU tariffs
There will be some specific changes to VAT rules
Will introduce postponed accounting for import VAT
23 Aug 18 (Thu)
10:39 am
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