UK warned it could lose £7 billion in corporate VAT receipts after Brexit

The Times in the UK report that they understand Treasury officials

• have told the chancellor that unless there is a change to the law after Britain leaves the EU, the government could lose £7 billion in corporate VAT receipts
• Efforts to claw this back could lead to businesses moving more operations to the Continent, causing greater loss.

Times is gated, but here is the link