HMRC’s deputy chief executive Jim Harra has written to 145,000 registered UK businesses issuing details of the ramifications of a no-deal Brexit – a scenario he calls “unlikely” – whilst assuring that the “government continues to prepare for all scenarios”. The UK will leave the EU on 29 March 2019 and, if there is no deal, there would be immediate changes to the way British businesses trade with the EU. Most notably how UK businesses apply customs, excise and VAT procedures to goods traded with the EU.