(Amani A / Shutterstock.com)
In the event of a no-deal Brexit, HMRC has announced that customs checks will be simplified. Anna Tobin reports
In the event of a no-deal Brexit, HMRC’s proposed Transitional Simplified Procedures (TSP) for customs will make importing easier for an initial period of one year. Businesses that register for TSP will be able to transport goods from the EU into the UK without having to make a full customs declaration at the border and will be able to postpone paying any import duties.
“Leaving the EU with a deal remains the government’s top priority. This has not changed. However, a responsible government must plan for every eventuality, including a no deal scenario. Businesses and citizens should ensure they are similarly prepared for leaving the EU,” explained treasury minister, Mel Stride MP.
“HMRC is helping businesses get prepared and, amongst other significant communications, has written three times to affected businesses, each time stepping up the advice and encouraging them to take action. This latest letter and new gov.uk guidance announces Transitional Simplified Procedures for EU trade which will ease the transition, especially for businesses new to the rules associated with importing.”
These proposed changes mean that importers can defer giving a full declaration until after the goods have crossed the border and defer paying any duty until the month after import. Where tariffs apply to imported goods those registered for TSP will need to defer paying any import duties by setting up a direct debit.
Businesses can register for TSP from 7 February 2019 and an EORI number will be required to do so. It’s free to register for an EORI number and the Government claims that the online EORI application form takes ten minutes to fill out.
Exports will cause the Brexit bottle-neck warns Rob Hardy at Oaklands International
Subscribe to
Sign up now for all these Brexit business tools
NO DEAL BREXIT
ACTION PLAN
The No Deal Brexit Action Plan maps out the time available and the time required to undertake the processes to prepare your business for a No Deal Brexit.
Your business will need to modify or completely change procedures to prepare for Brexit. Brexlists help you take a rigorous and structured approach to your preparations:
- The Executive Summary Brexlist Brexit checklist, as its name implies, highlights the key issues
- The Business Functions Brexlist Brexit checklist maps onto the key business functions in a company
- The Directory Brexlist Brexit checklist maps onto the topic headings in our Brexit Directory
highlight what needs to be done, and by when, to ensure that all parts of your supply chain are prepared for Brexit:
- Identify the key questions for your business
- Share key learnings with your business partners
- Identify the key challenges and opportunities
- Highlight key internal and external priorities
BREXIT
DIRECTORY
The Brexit Directory is an extensive database of information and links organised by business function to help you find the information your business needs to know.