UK Customs Foto 137065559 © Ben Gingell Dreamstime.com.

There are mounting concerns over the lack of preparedness of businesses as the end of the final phase of the UK’s departure from the EU nears.

Since the end of the transition period, at the beginning of this year, importers have benefited from a six-month grace period on submitting customs declarations and paying associated tariffs – but from 1 January, this ends.

Chief economist at the Institute of Directors (IoD) Kitty Ussher said: “A large portion of businesses are either unprepared or ...

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