The third edition includes the impacts of regulations laid before Parliament in February, March and September 2019. HM Revenue & Customs ( HMRC ) has estimated the annual administrative burden of a no - deal Brexit on UK - EU trade to be £ ##500 ( $ 19bn ) at current values . The estimate was published in Parliament 's third no - deal impact assessment covering customs , VAT and other regulations under last year 's Taxation ( Cross - border Trade ) 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 to be £ ##500 ( $ 19bn ) at current values . The estimate was published in Parliament 's third no - deal impact assessment covering customs , VAT and other regulations under last year 's Taxation ( Cross - border Trade ) Act and the EU Withdrawal Act .