News / Delayed declaration scheme means UK Customs is losing money hand over fist

© Ivan Trifonenko

UK Customs is facing losses of hundreds of millions of pounds, following allegations of “widespread abuse” of a delayed declaration scheme set up to soften the impact of Brexit.

HMRC announced it would provide a six-month (175-day) delay on declarations for goods imported between 1 January and 1 July. However, a customs expert told The Loadstar that, “with the exception of a few household names, no one is bringing these delayed declarations to account”.

“Compounding this, we have continued delays to the ...