Brexit – Banks & Lloyd (Shipping) Ltd | UK Freight Forwarders

Customs Clearance Post Brexit

October 23, 2020November 5, 2020 by Ed Banks

Countdown to End of Brexit Transition Period Days Hours Minutes Seconds After what has felt like a never-ending Saga, Brexit and its repercussions are very much right around the corner. The UK Government has finally shed some light on how importing from the EU is going to take shape come 01/01/2021. We have had snippets…

IMPORT VAT IN A “NO DEAL” POST-BREXIT UK

October 29, 2018December 13, 2018 by Ed Banks

HMRC recently released a “partners pack” providing some insight regarding what changes may take effect after Brexit, one of which was how import VAT would work in a “no deal” circumstance. To quote exactly “If the UK leaves the EU without an agreement, the government will introduce postponed accounting for import VAT on goods brought…