Many UK businesses “are not even close to being ready for a no-deal” Brexit, figures seen by Newsnight suggest.

In February, HMRC launched the Transitional Simplified Procedures scheme, aimed at easing imports in the event of the UK leaving the customs union and single market abruptly.

Less than 10% of the firms estimated to require the status had applied for it as of 26 May, Newsnight has found.

HMRC said it had plans to ensure “as many traders as possible are ready”.

The Transitional Simplified Procedures (TSP) would allow UK firms to import goods from mainland Europe without filling out new customs declarations at the border. UK businesses would also be allowed to postpone the payment of import duties for one year.

But figures show that only 17,800 firms had

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