HM Revenue & Customs have published guidance to help businesses, citizens and consumers to prepare for March 2019 in the event of a ‘no deal’ scenario.
Extensive preparation under way
Extensive work to prepare for a ‘no deal’ scenario has been under way for almost two years and the government are taking necessary steps to ensure the country continues to operate smoothly from the day we leave.
HMRC’s recent update (December 2018) states :
‘Our objective is to minimise disruption by taking unilateral action to prioritise continuity and stability. Stability in a ‘no deal’ scenario partly depends on the EU taking a similar, non-disruptive approach to planning.
Choosing to maintain continuity would not stop us from taking advantage of the opportunities presented by our exit from the EU over time, but we would do so in an orderly way.
We expect our ‘no deal’ plans will not be required, but will prepare responsibly to ensure the smoothest exit in all outcomes.
The government will work closely with industry to ensure that cross-border activity continues to be conducted in a way which minimises delays and additional burdens for legitimate trade, while robustly ensuring compliance. The approach of continuity does not mean that everything will stay the same, but the priority is maximising stability at the point of departure through the government’s action.’
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