HM Revenue & Customs (HMRC) has estimated the annual administrative burden of a no-deal Brexit on UK-EU trade would be £15bn ($19bn) at current values. Most of these regulations will come into force on exit day, should the UK leave the EU without a deal. The Treasury said it was "likely" that customs checks and other border controls could still operate during any transition period but warned this did not mean there were no risks to UK businesses or consumers. Act and the EU Withdrawal Act.
HM Revenue & Customs (HMRC) has estimated the annual administrative burden of a no-deal Brexit on UK-EU trade would be £15bn ($19bn) at current values. The Treasury said it was "likely" that customs checks and other border controls could still operate during any transition period but warned this did not mean there were no risks to UK businesses or consumers. Act and the EU Withdrawal Act.