UK to open 10-12 Brexit border customs sites in EU trading shake-up

Posted on July 13, 2020 by Admin

New border checks in Kent and elsewhere reverse 47 years of removal of trade barriers

The UK government is to build “10 to 12” new Brexit border customs and controls sites across the country in a move that Michael Gove has said cements the mission to “take back control” from the EU.

In the biggest shake-up to trading with the EU for 50 years, the chancellor of the Duchy of Lancaster announced the £470m programme for facilities to process freight going to and from the EU, along with a 206-page document detailing new border controls.

UK races to find extra 50,000 staff for post-Brexit paperwork

Posted on February 28, 2020 by Admin

New recruits needed to process millions of extra declaration forms from 1 January 2021

A race to hire 50,000 people in the next six months to process Brexit paperwork is under way after the government confirmed they would be needed for border operations.

But experts have warned it will be a challenge to train enough people in time to be competent in the complexity of customs declarations and the second layer of red tape involving entry and exit declaration forms that are mandatory for trading with the EU.

Facebook paid just £28m tax on record £1.6bn earnings in UK

Posted on October 11, 2019 by Admin

Profits on social media app surged by more than 50% to £797m in latest tax year

Facebook’s UK operations paid £28m in tax last year despite attracting a record £1.6bn in British sales.

The social media company’s latest UK accounts show that gross income from advertisers rose almost 30% last year to £1.65bn, and pretax profits surged by more than 50% from £63m to £97m.

UK vulnerable to money laundering on a massive scale, find MPs

Posted on March 7, 2019 by Admin

‘Fragmented’ system inadequate to prevent influx of dirty money, says Treasury committee

Hundreds of billions of pounds could be being laundered through the UK every year, but the government is unable to give a precise figure of the scale of the problem, MPs have found.

In a report on economic crime, the Treasury committee said the scale of the problem in the UK was very uncertain, with estimates ranging from tens of billions of pounds upwards.