STEP 5 OF 5 FOR IMPORTERS PREPARING FOR A NO DEAL BREXIT – DISRUPTION AT PORTS

It is unknown what the level of disruption at major UK ports will be, but we expect immediate short-term disruption whilst the UK adjusts to life outside of the EU, in the event of a “no-deal Brexit”. We recommend that our customers ensure they have the appropriate steps in place to cope with potential severe…

STEP 4 OF 5 FOR IMPORTERS PREPARING FOR A NO DEAL BREXIT – VAT

The government has announced that in a “no deal Brexit” scenario it will introduce postponed accounting for import VAT on goods brought into the UK. This means that UK VAT registered businesses will be able to account for import VAT on their VAT return, rather than paying import VAT on or soon after the time…

STEP 3 OF 5 FOR IMPORTERS PREPARING FOR A NO DEAL BREXIT – UK TRADE TARIFF

Under current rules for goods moving between EU countries there are no customs duties and no routine intervention during the movement of goods. For goods entering the EU’s Customs Territory from the rest of the world an import declaration is required and any customs duties must be paid. However, in the event of a “no…

STEP 2 OF 5 FOR IMPORTERS PREPARING FOR A NO DEAL BREXIT- CUSTOMS CLEARANCE

You will be subject to customs clearance in the same way that businesses currently do when importing goods from outside the EU. This means that you will need to make an import declaration for goods entering the UK from the EU. You should consider how you will submit import declarations and it is up to…

STEP 1 OF 5 FOR IMPORTERS PREPARING FOR A NO DEAL BREXIT – EORI REGISTRATION

Before importing goods from a member of the EU you will need to have a UK Economic Operator Registration and Identification (EORI) number. You will need an EORI number to continue to import goods after 29th March 2018. If you are currently importing goods from outside the EU you should already be EORI registered. It’s a…