The UK’s departure from the EU is likely to increase the costs of trading internationally – but by how much nobody knows. While Grant Thornton may not have sight of what the future relationship with the EU will look like, Grant Thornton UK has developed a Brexit Insights tool, Brexit Indirect Tax Impact Analysis, which allows clients to understand the worst-case scenario impact that Brexit may pose for importers into, and exporters from the UK.
The advantage of this data analytics platform is that it considers a number of potential outcomes of the Brexit negotiations and the international trade scenarios that may result. Ultimately this will help our clients to plan for and understand the possible Customs Duty and VAT/GST costs posed to your business by various Brexit scenarios.
If you do business in or with the UK, or, are thinking of doing business in or with the UK and would like to know more please contact us.