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Brexit: Technology-based customs system 'could cost £20bn' - BBC News
Brexit: Technology-based customs system 'could cost £20bn' - BBC News
The post-Brexit customs system favoured by Boris Johnson and other leading Brexiteers could cost businesses up to £20bn a year, officials have suggested.
The chief executive of HM Revenue and Customs told MPs firms would have to pay £32.50 for each customs declaration under the so-called "max fac" solution.
John Thompson said any new system could take up to five years to fully work.
No 10 said the £20bn figure was "speculation" but "issues" remained with both options being considered.
The figure is higher than the £13bn UK contribution to the EU in 2016.
The chief executive of HM Revenue and Customs told MPs firms would have to pay £32.50 for each customs declaration under the so-called "max fac" solution.
John Thompson said any new system could take up to five years to fully work.
No 10 said the £20bn figure was "speculation" but "issues" remained with both options being considered.
The figure is higher than the £13bn UK contribution to the EU in 2016.
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