Phasing in border controls could put extra pressure on cashflow


The government’s recent decision to phase in the introduction of customs controls on goods entering Great Britain from the EU from the start of 2021 has been widely welcomed as a “pragmatic” move, allowing UK hauliers more time to adjust. However, they could also put extra pressure on cashflow. On 12 June, the Cabinet Office confirmed that new EU border controls will now be introduced in three phases, from January 2021. Specifically, customs declarations and VAT/customs duty payments have been deferred […]