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<p>The Government remains confident of agreeing a mutually advantageous deal with
the EU. However, we understand that if in the unlikely event that the UK leaves without
a deal, customs declarations will become a new obligation for UK-EU trade which could
affect many small and medium sized businesses.</p><p> </p><p>HMRC continues to engage
with businesses and their representative trade bodies and undertakes further specific
engagement to understand how they will be affected by these new obligations. HMRC
has written to 145,000 traders over the VAT threshold who currently only trade with
the EU to help them plan for a no deal scenario. Alongside this, HMT and HMRC are
supporting the intermediaries sector to expand ahead of March 19, so that they can
provide services to SMEs.</p>
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