UK businesses that have been drowning in Brussels' red tape after Brexit are being encouraged by government trade advisers to set up separate companies in the European Union to escape extra charges, paperwork and taxes, reported the Observer . The Department for International Trade (DIT) advisers are claimed to be suggesting that the best way to sidestep border issues and VAT problems that have materialised since 1 January is to register new firms within the EU single market. © Sputnik / Jason Dunn Trucking Lanes at Dover From these European ‘bases’, the businesses might be in a better position to distribute their goods with greater freedom. The heads of two UK firms have ostensibly decided to act upon the advice received, says the outlet, and intend to register new companies in the EU in the next few weeks. The bosses have also claimed that many other struggling businesses have also received such recommendations from government officials. According to the outlet, the decision to register operations in the EU is being considered by an increasing number of firms. 'Investing in EU to Survive' Andrew Moss, Managing Director of Horizon Retail Marketing Solutions, based in Cambridgeshire, has acted upon the advice and… Read full this story
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