No-deal Brexit outcome means higher costs in buying from the EU, says UK government

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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