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Brexit transition pains: Experts flag higher costs and “inevitable” bottlenecks amid trade policy revisions

Since officially exiting the EU on January 31, the UK remains in a “transition period” that keeps it affixed to both the EU’s Customs Union and Single Market. As the nation anticipates full departure from the bloc, experts point to “inevitable” bottlenecks to international supply chains and the need for F&B businesses to adapt rapidly to trade policy revisions. On these topics, FoodIngredientsFirst speaks to Russell Hughes, VAT Consultant at UK-based VAT compliance and consultancy organization Accordance.

Source: foodingredientsfirst.com

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