Hi, I'm Sally Cosgrove. Welcome to another episode of Beyond Brexit.

Recently we heard HMRC giving evidence at the Treasury Select Committee about the two customs

options the UK is considering post-Brexit. We know the UK wants to leave the customs union so that it can strike our own trade deals,

but the UK government wants to find a solution to being outside the customs union and keeping a frictionless border with the EU.

Today we want to explore the two favourite options which are are known as Max, FAC and NCP and give

you a sense of what each might mean for your business.

So today I'm joined by PWC's experts Anna Wallace, Head of Political Relations and Matthew

Clark, Head of Customs and Trade.

So Anna, can you start us off by talking us through what we know about

these two options and what we've learned about them recently? Hi, Sari. Yes. Well, I guess first

of all, as you said, it's government policy to leave the customs union. That's worth reminding

ourselves. And that's so that we can go and strike our own trade deals with other nations around the world. And what we've heard a lot about recently is two proposals that

are outlined in the government's trade paper last summer, but that have clearly been having

a lot more attention spent on them to work out exactly how they might work practically and

also understanding the politics of them. So I'll go through the two of them

in detail if you bear with me. So the first one, as you mentioned, max facetion or maximum

facilitation is what that stands for. And I guess this is the technology option. So using technology

to the greatest degree possible to create an invisible border between the UK and the EU.

In a select committee appearance in Parliament, the head of the Customs and Revenue Agency said the model would probably take three years to implement

and it would require quite substantial investment by business. The numbers they were talking about were in the range of

17 to 20 billion, so not insignificant costs on business there. The other option is the customs

partnership or NCP, the new customs partnership, where the government would collect duties on behalf of

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