British taxes on imports from the European Union into the United Kingdom have risen significantly since Brexit. This is evident from a study conducted by the accounting firm UHY Hacker Young based on government figures.
British businesses and consumers paid around £2.2 billion in import duties between January and July, according to the study, up 42 per cent from the previous year.
She says imports are becoming more complex and expensive. “UK companies have not been given enough time or help to prepare for the costs of Brexit or the piles of paperwork,” said UHY expert Michelle Dale. In some cases, carriers have reportedly had to hand up to 700 pages of documents at the border.
fees
The main reason for the high costs, according to UHY Hacker Young, is the complex rules of origin. This means that a fee must be charged if the goods were originally manufactured outside the European Union or contain parts outside the European Union. Then they may not fall under free trade in the Brexit agreement.
The accounting firm says more challenges loom as of October 1. After that, new import rules will come into effect for products of animal origin from the European Union.
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