"The legality of this is unclear, but the EU could also impose targeted tariffs on car parts, which would also be quite damaging. OpenStreetMap Foundation, which was formally registered. Within the law there is a degree of discretion on how strict you can be in terms of applying every formality, so they could ramp that up and make life more difficult for British exporters. Open-source UK tech company cites copyright issues, rising costs and prospect of more influence in EU OpenStreetMap, the Wikipedia-for-maps organisation that seeks to create a free and open-source map of the globe, is considering relocating to the EU, almost 20 years after it was founded in the UK by the British entrepreneur Steve Coast. ‘‘Everyone looks on Britain, which was the country of a stable Parliament, with sheer horror and boredom, he. "It could enforce customs procedures more strictly. The basics of Brexit, the troubled plan for Britain to quit the European Union. He told .uk: "What the EU can do to retaliate isn't completely clear, but it can suspend the current equivalence decision on data access, which allows companies to transfer data from the EU to the UK, and that would be pretty damaging to some UK businesses. While the Government continues to say it could trigger Article 16, Jonathan Portes of King's College London has warned that the EU could use retaliatory measures to damage UK businesses. Having a duty deferment account lets you defer payments for customs duty, import VAT and excise duty and make monthly payments to HMRC through Direct Debit, instead of paying for individual consignments immediately at import, or when released from an excise. This is likely to be the case for coming years, too, as additional new legislation and. But for businesses, the challenges of adapting to Brexit remain profound. Brexit tensions between the EU and UK have sparked fears of a trade war, but economics professor Jonathan Portes told .uk that this could see Brussels hit Britain with measures that would be "very damaging" to businesses. Duty deferment is the main payment method for customs, import VAT and excise duty. Only 34 of poll respondents said Brexit was an important issue facing the country in late January 2021 a fall from almost twice that measure in polling from mid-December 2020.
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