Dear members and partners,
Amidst all the uncertainty regarding Brexit and the surrounding issues, we all have to be ready for any scenario, including the one if the UK leaves the EU with no deal.
Below is the official communication from the British Embassy which we feel is vital information for all British businesses in Hungary.
“If the UK exits the EU without a deal, UK businesses will have to apply customs, excise and VAT procedures to goods traded with the EU, in broadly the same way that already applies for goods traded outside of the EU. The UK intends to establish an independent trade remedies system by the time the UK exits the EU. For more background details please see gov.uk.”