HMRC prepares for three post-Brexit customs duty scenarios

HM Revenue & Customs expects to be ready to implement new customs arrangements when the United Kingdom leaves the European Union regardless of whether a transitional period is agreed upon, a senior HMRC official has told members of Parliament.

The House of Commons Treasury Committee questioned HMRC on the Brexit process on February 7 as members of Parliament prepared to debate the European Union (Notification of Withdrawal) Bill for a second consecutive day …

Adopting WTO rules would be a significant change, HMRC’s Jim Harra told the committee. It would have resource implications for HMRC and other government agencies, and would require changes to information technology systems, which HMRC is currently assessing, he said. Read more:

My news story for Tax Analysts, February 8 (paywall)

Treasury committee questions HM Revenue & Customs

HMRC: The Union Customs Code