Discussing the latest Cabinet sub-committee meeting, KPMG’s Customs Lead, Bob Jones said:
“Timing could be key to unlocking the Customs Uniondebate. Many of the clients we’re speaking to say they doubt whether the New Customs Partnership proposal or the Highly Streamlined Customs Arrangement proposal, often dubbed ‘max fac’, can be practically implemented within the existing transition period.
“Amongst customs professionals the consensus seems to be that 2022 or 2023 would be a more realistic target once you take into account the highly detailed and technical work that needs to be undertaken by business and government on both sides of the channel and the Irish Sea - even if such a proposal is adopted by all sides.”
For further information please contact:
Paul Middleton, KPMG Corporate Communications
Tel: (0) 20 7694 2180 / Mobile: 0738 725 7543 / Email: Paul.Middleton@kpmg.co.uk
KPMG Press Office
Tel: +44 (0) 207 694 8773
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff. The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and territories and has 200,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.