Press "Enter" to skip to content

Post-Brexit trade deals mean firms will miss out on freeport benefits

Government admits agreements with 23 countries include clauses prohibiting use of tax breaks

Companies operating in freeports being launched under Boris Johnson’s post-Brexit levelling up agenda will not get the full benefits of the new tax efficient zones if they export to some countries, the government has admitted.

Officials said post-Brexit trade deals with 23 nations – including Canada, Norway and Switzerland – included clauses that prohibit manufacturers in freeport-type zones from utilising the tax breaks they enable.

Continue reading…

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *