The maximum facilitation – or "max fac" – post-Brexit customs model preferred by leading Brexiters could cost UK businesses 26bn ($as much as £20bn) 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.
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.