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Britain pledges to ease business fears over Brexit import tax

Reuters  |  LONDON 

LONDON (Reuters) - The British government pledged on Monday to ease the potential harm to more than 100,000 companies that may have to pay sales tax upfront on goods imported from the European Union for the first time after Brexit.The changes included in a new taxation bill, one of many Brexit laws passing through parliament, have alarmed company bosses, who said the move would create cashflow problems and increase the cost of doing business. "It is an issue, (for) which the government and the Treasury has sympathy," Mel Stride, a junior Treasury minister, said during a debate in parliament. ...

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First Published: Tue, January 09 2018. 00:23 IST