🇬🇧 Brexit Impact Calculator
Quantify cost changes for UK-EU trade by modeling tariffs, customs, and currency impacts.
Expected change in cost due to GBP/EUR fluctuations.
How to Use This Calculator
Define Your Goods Value
Enter the invoice value of goods for a typical shipment or monthly spend.
Estimate Tariff Rates
Use historical EU tariff rates as pre-Brexit baseline and new UK Global Tariff or EU-UK Trade and Cooperation Agreement rates post-Brexit.
Account for New Operational Costs
Enter additional logistics, customs brokerage, compliance, or certification expenses introduced after Brexit.
Run Scenario Analysis
Adjust exchange rate assumptions or cost inputs to model best-, base-, and worst-case scenarios for budgeting.
Formula
Post-Brexit Cost = Goods Value + Tariffs + Logistics Increase + Compliance Fees + Exchange Impact
Tariffs: Goods Value × Tariff Rate (%)
Exchange Impact: Goods Value × Exchange Rate Change (%)
Cost Difference: Post-Brexit Cost − Pre-Brexit Cost
% Change: (Cost Difference ÷ Pre-Brexit Cost) × 100
Customize the inputs to reflect industry-specific non-tariff barriers, such as veterinary checks, rules of origin paperwork, or regulatory divergence. For quarterly or annual analysis, multiply costs by shipment frequency.
Full Description
Brexit introduced new friction in trade between the United Kingdom and European Union. Businesses now face customs declarations, potential tariffs, regulatory divergence, and exchange rate volatility. This calculator helps finance and supply chain teams quantify how those factors affect landed cost and pricing.
By modeling both direct expenses (tariffs, brokerage, compliance) and indirect effects (FX swings, shipping delays), decision-makers can evaluate whether to renegotiate supplier contracts, adjust pricing, or shift fulfillment across borders.
Top Use Cases
- Budget planning for UK importers/exporters sourcing from the EU
- Assessing profitability of EU customer contracts post-Brexit
- Supporting procurement negotiations with data-driven cost models
- Scenario analysis for relocating warehousing or production
Pair the calculator with real-world data from customs brokers, freight forwarders, and FX hedging partners to maintain accurate forecasts.
Frequently Asked Questions
Where can I find current tariff rates?
Consult the UK Global Tariff (UKGT) schedule, the EU TARIC database, or trade advisors. Rates vary by HS commodity code and rules of origin.
How should I model exchange rate risk?
Use historical volatility or forward contract pricing to estimate percentage impact. Incorporate your hedging strategy to refine results.
Does the calculator cover VAT?
VAT is typically reclaimable for VAT-registered businesses, so it is not included by default. Add VAT to the compliance field if it is a hard cost for your scenario.
Can I use this for services or digital goods?
The calculator focuses on physical goods. Service trade impacts often revolve around regulatory compliance and market access rather than tariffs.