Avalara Survey Finds Brexit is Costly, Complex, and Driving Down Profitability for UK Businesses

Avalara, Inc. United Kingdom England

Since the Brexit decision in 2020, enterprise businesses report a loss of £143,870, according to new research commissioned by Avalara, a market leader in tax compliance software26% of businesses report supply chain challenges when trading with the European Union (EU)Most businesses in the United Kingdom (81%) face increased cross-border complexity compared to 2020, and 68% are actively expanding into non-EU marketsto improve your compliance journey. 

Methodology
The research was conducted by Censuswide, with 1001 senior business decision-makers (aged 18+) in the UK within businesses / retailers that trade and / or sell goods cross-border (priority) and at the following companies: E-commerce businesses, Manufacturing businesses and Digital services businesses. The research ran between 15.01.2024 – 22.01.2024. Censuswide abide by and employ members of the Market Research Society which is based on the ESOMAR principles. Censuswide are also members of the British Polling Council.

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