The deadline of the 29th of March 2300hrs is fast approaching. With the UK and EU seemingly no closer to securing a Withdrawal agreement, we would like to let you know what contingency plans we have been putting in place, as well as the steps you can take right now to make things less painful in the event of a NO DEAL Exit.
We offer full customs consultancy and can carefully guide you through the above processes, therefore please feel free to contact us with any questions.
NEWS. NEWS- NEWS 13th MArch
Temporary tariff regime for no deal Brexit published by UK Gov
This morning (Wednesday 13 March) the UK Government announced the details of the no-deal Customs tariff regime. The Government website (see link) describes this as a temporary regime, and that they would closely monitor the effects of these tariffs on the UK economy. Under this temporary tariff, 87% of total imports to the UK by value would be eligible for tariff free access to the UK
There are still vagaries as many of the tariffs are 0% so unclear where they only apply to EU 27 Member states, however I’m sure this will become clear later today.
Some good news.
The situation is extremely fluid and constantly changing, however some good news for Importers, on the 4th of February, the government announced the new Transitional Simplified Procedure (TSP). This appears to be the best solution for many traders. Only available to UK Importers. Applicants must be a UK registered company. The main benefits are (1) the application process is simple, (2) the importer pays duty (if any) by direct debit and (3) the import process does NOT require any form of entry at the UK Port of arrival; you need only present the importer’s EORI number, if asked. Final import entry not due until the 4th working day of the following month. Traders applying for TSP will need their own duty deferment account.Further guidance on TSP and other recommended steps to prepare your business can be found on the Gov.UK website
We shall continue to update this page with important changes. In the meantime, if you have any questions or would like help preparing your business for Brexit please don’t hesitate to contact us on firstname.lastname@example.org or complete the form below.