Refused Entry and Removed from the UK; What are the Consequences?

Last week I was travelling to London Heathrow from Pakistan. The immigration officer asked me my reason for coming to the UK. I replied that I was going to visit my friends and also meeting with an accountant because I will be applying as a genuine entrepreneur (which was true). The officer also asked what I had with me. I replied that I had my personal belongings and 10 sleeves of cigarettes. After that, he interviewed me and cancelled my visa with the stated reason that I did not have enough money to pay taxes on cigarettes and denied entry under paragraph 320(19).

My questions:

Would it be difficult to get another entry clearance soon?
What are the potential consequences on future UK entrepreneur visa applications, as I meet all their criteria easily?
What is the potential impact on future Schengen visas, which I already got more than 15 times?

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What happens if you are denied entry to the UK?

If you are denied entry into the U.K., you will be held at the airport until you can be returned to the location from which you departed. You are not under arrest and no criminal charges will be filed, you are simply not eligible to enter the U.K. on this visit.

What happens if a country refuses you entry?

4. Re: What happens when you get refused entry at airports? If you are denied entry by US Immigration, the airline is responsible to fly you back to your country of origin - or at least wherever your arriving flight came from.

Is denied entry the same as deported?

In either case, being denied entry into the United States at a port of entry is not the same as being deported. To be deported from the US, you would need to be allowed into the country first, and an Immigration Court judge would have to issue a removal order.

Can my country refuse me entry?

For US citizens and others who do not require a visa to legally enter the UK for short periods of time, commonly known as non-visa nationals, there are currently no legal rules relating to the coronavirus pandemic that prevent lawful entry into the country.

I WAS DENIED ENTRY IN THE U.K | STORY TIME 😔

Sources: Stack Exchange - This article follows the attribution requirements of Stack Exchange and is licensed under CC BY-SA 3.0.

Images: Maria Orlova, Charles Parker, Greta Hoffman, Francesco Ungaro