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Brexit And Indirect Taxes At The End Of 2022

Businesses have been operating in a post-Brexit world for several months now. Those trading in goods with the EU have had to adapt to new import and export processes, handling customs declarations and duty obligations, the loss of EU VAT simplifications and new requirements related to the movement of goods between Great Britain and Northern Ireland.

While many of these initial teething challenges have been resolved, there remain several areas where uncertainty and unexpected costs continue to occur.

Source: forbes.com

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