Impact assessment
HMRC impact assessment for VAT and services if the UK leaves the EU without a deal
Leaving the EU without a negotiated settlement is not the government’s preferred outcome, but it's essential that the UK is prepared for all possible eventualities on customs, VAT and excise arrangements.
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It’s essential that the UK is prepared for all possible eventualities on customs, VAT and excise arrangements.
While the government expects the negotiations to produce a mutually beneficial outcome, it is prudent for both government and businesses to make contingency plans for a ‘no deal’ scenario, in which the UK leaves the EU without a negotiated customs arrangement.