VATupdate

Brexit onslaught deepens as a third of all UK firms exporting to EU simply vanish due to red tape knockout

The number of UK businesses exporting goods to the EU fell 33 per cent to 18,357 in 2021, from 27,321 in 2020, according to new data from HMRC.

The fall is due to the extra red tape UK businesses must now comply with when exporting to the EU.

Source cityam

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