UK Trade with EU: Small Businesses

Department for Business and Trade written question – answered at on 27 September 2023.

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Photo of Lord Taylor of Warwick Lord Taylor of Warwick Non-affiliated

To ask His Majesty's Government what steps they are taking to help small and medium-sized enterprises prepare for new EU (1) regulations, and (2) taxes.

Photo of The Earl of Minto The Earl of Minto Minister of State (Department for Business and Trade)

The UK-EU Trade and Cooperation Agreement means the UK can now regulate in a way that suits our economy and SMEs, doing things in a more innovative and effective way, without being bound by EU rules. UK SMEs can contact the Export Support Service if they have any questions on how to export to the EU. The UK tax system continues to be internationally competitive – with a lower tax burden than Germany, France and Italy and the lowest headline rate of Corporation Tax in the G7. Where businesses are operating overseas, they will of course need to consider and meet their tax liabilities in those countries.

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