Brexit trade problems ‘just the tip of the iceberg’, e-commerce expert warns

SourceSkyNews
SectorEconomy
CountryMiddle east

Early trade difficulties are "just the tip of the iceberg" as businesses adjust to new demands after Brexit, according to a compliance expert.Hurricane Commerce, which specialises in cross-border e-commerce, said the dawn of the UK's new relationship with the EU was throwing up a string of issues caused by a lack of complete and valid customs data and VAT now being payable on low value goods into the UK. It highlighted retailers - on both sides of the channel - ceasing orders as a result of additional red tape and unforeseen charges.The complexity of the UK's trade deal with Brussels, struck on Christmas Eve, meant businesses had little time to take in the specifics of the new rules before they were implemented on 1 January.Hauliers have had particularly hard time of it given COVID-19 restrictions on top of the new era for trade. ...read more...