We offer a range of high quality accounting, financial and business services in and around Milton Keynes.

CBI warns of cost rises if UK strays from EU regulations

12 Apr 2018

In a new report, the Confederation of British Industry (CBI) has warned the government that costs could rise for businesses if the UK were to diverge from EU regulations.

The report states that Brexit ‘presents opportunities for rule changes’ in specific sectors, which could ultimately benefit the UK economy.

However, the CBI also warned that the government should only diverge from EU rules if it can be proven that the benefits of doing so will outweigh the costs.

It said that, for certain industries, existing EU rules are ‘fundamental’ to the trade and transport of goods, and as such, remaining aligned with the EU would be ‘essential’.

Commenting on the issue, Carolyn Fairbairn, Director General of the CBI, said: ‘It’s vitally important that negotiators understand the complexity of rules and the effects that even the smallest of changes can have.

‘Deviation from rules in one sector will have a knock-on effect on businesses in others, and divergence from rules in one part of a production process will have consequences for market access throughout entire supply chains.’

Register

Why not register to receive our monthly newswire? This is packed full of essential business news and handy tax tips to help save you money.

Learn more

Tax Calendar

Our handy tax calendar provides an overview of the key tax dates for your diary.

Learn more

Calculators

B2B’s interactive tax calculators can be used to calculate VAT due, the taxable benefits on your company car and how much your savings are worth.

Learn more

Home | About us | Contact us | Logon | Register | Accessibility | Disclaimer | Help | Site map |

© 2024 B2B Business Advisors Limited. All rights reserved.

We use cookies on this website, you can find more information about cookies here.
Chartered Tax Adviser

Registered in England, Company Registration number – 7906656. Registered Office – 58b High Street, Stony Stratford, Milton Keynes, MK11 1AQ. Registered with the Chartered Institute of Taxation as a firm of Chartered Tax Advisers. Registered to carry out audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.