Question to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to the policy paper entitled, The Border Operating Model Border, published on 13 July 2020, what estimate has HMRC made of the number of traders that will make customs declarations for the first time under the new system.
In 2019 there were 149,000 VAT registered businesses trading in goods only with the EU. In addition, HMRC estimate that there are approximately 100,000 non-VAT registered businesses in the UK trading in goods with the EU; many of these traders will be making declarations for the first time after the transition period ends.