Trains pass near construction work taking place around Battersea Power Station in London, Britain, May 22, 2018. REUTERS/Toby Melville
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Brexit customs paperwork to cost firms up to 20 bln pounds a year: UK tax officialLONDON: Businesses will face a cost of up to 20 billion pounds ($27 billion) a year to comply with the customs arrangement favored by the keenest Brexit supporters within the cabinet, Britain's most senior tax official said Wednesday.Around 200 million consignments of goods went back and forth between Britain and the EU in 2016 . Each customs declaration, which would need to be made in both Britain and the EU, would cost businesses between 20 pounds and 55 pounds, he said.
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