The maximum facilitation – or "max fac" – post-Brexit customs model preferred by leading Brexiters could cost UK businesses as much as £20bn ($26bn) per year, chief of Her Majesty's Revenue & Customs (HMRC) Jon Thompson told the Treasury select committee. The figure means the "max-fac" option would cost about twice as much as the UK’s between three to five years net contribution to the EU, unlike Theresa May’s favoured customs partnership model, which would be virtually cost-free to UK firms, as they could claim back the tariffs.
The maximum facilitation – or "max fac" – post-Brexit customs model preferred by leading Brexiters could cost UK businesses as much as £20bn ($26bn) per year, chief of Her Majesty's Revenue & Customs (HMRC) Jon Thompson told the Treasury select committee. The figure means the "max-fac" option would cost about twice as much as the UK’s annual net contribution to the EU, unlike Theresa May’s favoured customs partnership model, which would be virtually cost-free to UK firms, as they could claim back the tariffs.