Home UK: Government says establishing post-Brexit customs systems could take up to five years – Sky News
FXStreet News

UK: Government says establishing post-Brexit customs systems could take up to five years – Sky News

Citing key government papers delivered to businesses in the UK as part of a consultation service, Sky News reported that there would be a  three-to-five-year timescale for establishing the new customs system post-Brexit.

“This is despite the fact it far exceeds the 29 months until the end of the planned Brexit transition period, and the near nine months until the UK’s formal departure from the EU,” Sky News’ Faisal Islam wrote and elaborated further:

“In addition, multiple businesses have told senior cabinet ministers it would in fact take a decade to create a computer system that could be used by all small and medium businesses that currently operate across the UK-EU border.”

According to the article, a five-year time window is an optimistic estimate when compared to reports that stated it would take at least a decade to develop a new customs system.  

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.