Britain is threatening to introduce new laws to impose VAT and customs duties on all goods from the European Union if no Brexit deal can be agreed, the Government said today.
MPs and peers will legislate to impose new custom duties and VAT tariffs on trade with the EU in case no deal can be agreed by March 2019.
A detailed 14 page blueprint entitled Future Customs Arrangements for the UK also disclosed that Whitehall officials are in a race against time to get up to date customs computer ready for Brexit.
Ministers will publish a Customs Bill and Trade Bill to bring in UK law EU trading rules.
The document made clear that without any deal “the UK would treat trade with the EU as it currently treats trade with non-EU countries.
“Customs duty and import VAT would be due on EU imports. Traders would need to be registered.
“Traders exporting to the EU would have to submit an exploration declaration..."
Credit: Telegraph
Â