KPMG’s Bob Jones shares how the UK can navigate the customs union conundrum.
Prime Minister Theresa May recently shared her plans to take Britain out of the EU’s Single Market that enshrines free movement of labour, goods, services and capital. However, the UK’s future inside the Customs Union remains up for grabs. Read more about how changes in Customs Duty and VAT could impact your business using our assessment tool.
In this article, Bob Jones, head of KPMG’s Customs, Excise & International Trade team discusses the importance of the Customs Union; why the trade deals of Norway, Turkey and Canada can’t easily be replicated for the UK, and the best way forward.