Leaving the EU allowed the UK to implement and roll out freeports across the country – not just in name only as before – providing tax & customs reliefs, simplified import & export procedures, enhanced trade promotion, and additional innovation support.
Brexit allows for the UK Chancellor to make targeted removal of VAT for specific goods, such as for sanitary products and green energy purchases – something not possible within the EU, due to EU-wide VAT minimum rates.
As found by the "Brexit Balance Sheet" report in 2021, the UK fishing industry as a whole is better off by over £50m a year, than it was when inside the EU. With this figure increasing with each year that passes, as more quotas are returned.
BREXIT MEANS BETTER TRADE Summary: Brexit allowed the UK to develop fully digitised international trade solutions with like-minded countries such as Singapore – making trading around the world cheaper, easier and more secure for UK businesses. Explanation: Leaving the EU has allowed the UK to develop fully digitised international trade solutions with like-minded partners in [...]
BREXIT MEANS BETTER TRADE Summary: The UK has rolled out an Advance Valuation Ruling Service (AVRS), giving importers legal certainty that their chosen customs valuation method are correct, and "reducing their administrative burden". This would not be possible inside the EU Customs Union. Explanation: Legislation was introduced as part of the Spring Finance Bill 2023, [...]
