Ahead of the Autumn Budget 2018, Blick Rothenberg partners Heather Self, Simon Sutcliffe and Andrew Sanford look ahead to what the Chancellor could, should and shouldn't announce with regard to Brexit and customs tax.
- The Chancellor has his work cut out to retain the confidence of business in the lead up to Brexit. He needs to keep a steady hand on the tiller and not spring any surprises which could further damage key relationships. Heather Self, Partner
- The welcome announcement that £8m will be allocated to providing training, grants and support to customs brokers, freight forwarders and customs agents (and some traders) in expanding their knowledge of customs regimes and procedures is welcome. The money will also be used to help invest in automation of these procedures for these customs intermediaries. However, as the programme will be undertaken by a procurement process to establish a cadre of external training providers, time is very short to get this in place and effective in a realistic and timely manner ahead of the UK's exit from the EU in March 2019. Additionally, we must question if £8m is sufficient for this process given the level of 'new' customs entries that are expected to be required following a 'no deal'. Simon Sutcliffe, Partner
- Expect the Chancellor to tax more plastic products to change consumer behaviour. The sugar tax and plastic bag tax have altered consumer behaviour and have been seen to be successful. Andrew Sanford, Partner
Blick Rothenberg will be producing commentary and analysis in the lead up and on the day of the Budget announcement on Monday 29 October, please visit our Autumn Budget 2018 page for the latest updates.
For any press enquiries, please contact David Barzilay on email@example.com.