EU would deploy customs controls immediately after no-deal Brexit - Moscovici - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABC News Online
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

EU would deploy customs controls immediately after no-deal Brexit – Moscovici

Moscovici said some EU members estimated their import/export customs formalities could grow.‘no-deal’ Brexit“The EU customs code would apply to all goods arriving from the UK,” EU Economic Affairs and Tax Commissioner Pierre Moscovici told a news conference.“If there is a no-deal scenario, new customs controls would have to be introduced … That does not mean we would systematically check every single … lorry … We would be controlling goods on the basis of risk analysis.

He said “complex calculations” of VAT reimbursements were also to be expected. “This will have big impact on cash flow of businesses,” he said. Since Britain has told Brussels it wants to leave the EU’s customs union as it leaves the EU, the bloc says controls on animals and goods will need to take place on the land border between EU member Ireland and the British province of Northern Ireland.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 32. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EU lifts ban on ostrich imports from SA - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The European Union, which is the largest consumer of South African ostrich meat, has lifted the ban on ostrich imports. It’s abt time Does that mean that the ANC politicians in Parliment can move to Europe 🤔😂😂
Source: SABC News Online - 🏆 32. / 51 Read more »