If you are worried about the impact that Brexit could have on your import and export activities and want to find out how best to prepare for the eventuality - including leaving the EU without a deal - The Customs People can help.
Time is running out before the current deadline of October 31st, and it is vital that businesses seeking assistance get help before it is too late to keep disruption to a minimum.
We have assisted numerous businesses in a variety of different industries when it comes to deciphering the complicated implications Brexit could have for UK businesses. We understand the confusion that the current political landscape has caused and although this is ongoing, we do know what the impact on importing and exporting goods to / from the EU will be in a no-deal Brexit [and even if there’s not].
With this in mind, we are dedicated to explaining your particular options in the most logical manner.
Our team of experts understands that your circumstances are unique, and we will do our utmost to help you unravel the complexities so you can understand how they affect your business. Contact us today by calling 0161 826 8926 or complete an online enquiry form and we will be in touch at a time that is suitable for you.
How we can help you
With a no-deal Brexit still a possibility, The Customs People is on hand to explain what this means for your business specifically in a clear and concise manner. If the UK exits the EU without a deal, businesses will need to apply customs, excise and VAT procedures to goods traded with the EU, in broadly the same way that currently applies for goods traded outside of the EU.
There are a number of key considerations depending on whether you import or export to the EU.
For importers, the key actions are:-
Apply for TSP [Transitional Simplified Procedure]
One option for import firms is to apply for Transitional Simplified Procedure (TSP), which is designed to make the process of importing goods to the UK from EU countries easier in the event of a no-deal Brexit. Firms can register for TSP using a simple, free online form. It takes approximately two weeks to process TSP requests, so you should factor this in when planning your deadlines.
In the event of a no-deal Brexit, TSP means businesses will not need to make full customs declarations at the border, or pay import duties immediately, so it is designed to minimise delays at ports.
Ascertain Whether Your Goods Will Be Dutiable
The Govt. has implemented Temporary Customs Duty Rates in the event of a no-deal Brexit which can be found online. If your goods are not one of those listed then imports post a no-deal Brexit will be 0% until a Free Trade Agreement is agreed with the EU.
0% duty will apply on all imports from anywhere in the world.
Talk To your Suppliers – although no duty will be due on many imports, you need to make sure your suppliers are geared up for Brexit as they will need to declare their EU ‘export’ and need to lodge paperwork they do not now via their Customs – make sure they are aware of this!
Duty will, unfortunately, be due on UK exports when imported into the EU and we are assisting many businesses:-
- Understand what the rates of duty will be for your customers;
- Work out strategies which minimise the trading impact on your customers – many UK businesses do not want their customers to bear the burden of duty costs;
- Analyse likely costs such as clearance;
- Assist with supply route analysis to ensure that post Brexit you can continue to trade with the EU in a proactive way;
Key action points for exporters are therefore to understand the impact Brexit will have both in respect of physical carriage of goods, the machinations of declarations both in the UK and the EU and to analyse and discuss additional costs with customers.
We are assisting many businesses understand these complexities.
Authorised Economic Operator status
Businesses should also consider applying for Authorised Economic Operator (AEO) status, which is designed to speed up the customs process. Registering for AEO status means that your business has an internationally-recognised quality kitemark that your role in the international supply chain is secure and that you are efficient and compliant with customs controls.
The Customs People can offer advice and support if you are applying for AEO status. We will guide you every step of the way throughout the application process and explain each stage to you.
Find out more about our AEO packages here.
Our experienced consultants are constantly keeping abreast of the latest developments relating to Brexit, and so we are well placed to ensure you are updated about what the impact the political landscape will have on your business. We work in partnership with our sister company The VAT People, to provide a full service for all your import and export needs.