More than 40,000 businesses are expected to be released from reporting requirements and other regulations in the future, as part of plans to boost productivity and growth

HMRC suspects that large UK businesses have underpaid £25.3m in import duties this year up from £260,000 (2021), according to new data by Pinsent Masons

The government has confirmed that import controls on EU goods and livestock will not come into force in July as expected

The government is changing the VAT rules on the export refund scheme for the export of second-hand cars and vans from 1 October 2022

Border controls put in place after the UK left the EU have resulted in increased costs, paperwork and border delays, say MPs on influential Public Accounts Committee

The Treasury and HMRC is consulting on the future of the customs system in a post Brexit world with a view to simplifying the process where possible

Nearly three quarters of UK businesses found that their business had received ‘no benefits’ since the UK left the EU in January 2021

One year since leaving the EU, two-thirds of manufacturing companies have reported that Brexit has moderately or significantly hampered their business, however optimism for growth has risen

Some of the temporary customs and VAT easements introduced on 1 January 2021 for goods moving between Great Britain and the EU will be removed on 1 January 2022

HMRC is reminding traders to prepare for customs changes that come into effect on 1 January 2022 which will increase checks and customs declarations

The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) will be granted greater flexibility to update laws inherited from the European Union (EU) as part of the Government’s push to overhaul the financial industry after Brexit

Chancellor Rishi Sunak could introduce cuts worth £2bn for government departments tasked with meeting the Tories’ flagship ‘levelling up’ agenda despite the biggest tax rise in a generation