The Government has introduced a new bill into the House of Commons which is designed to allow for goods can be smoothly moved in and out of the country with the appropriate level of tax being paid. The measures were out-lined in the Queen’s Speech and are designed to assist with the Brexit process.
Philip Hammond, the Chancellor of the Exchequer, said in a statement:
“Britain is a great trading nation and innovative UK businesses are central to the success of our economy. This Bill represents the first step in setting up an independent UK customs regime and reaffirms our commitment to deliver a smooth transition for businesses as we leave the EU”.