The UK government has published a 10-page booklet, How to import goods from the EU into Great Britain.
You should also register for HMRC’s EU Exit update service via this link – ‘HMRC videos, webinars and email alerts’. Click to register to get business help and education emails, enter your email and select ‘EU Exit’.
There are a number of factors particular to the UK market and we advise companies bringing goods into the UK, as exporters or importers, to consider their supply strategies well ahead. One key issue is that a significant proportion of this trade takes place in the south-east of the UK.
The Port of Dover is, therefore, the most significant entry point for goods imported by road. For both importers and exporters to the UK, here are a number of questions that need to be addressed:
- Customs and Tariffs:
I buy all of my raw materials from EU suppliers, will I have to pay duty after 31 December 2020?
I have heard about Inward Processing relief (IPR): what is this?
I currently buy goods with no duty from an EU preferred trading partner. Will I have to pay import duty on these after 31 December 2020?
What happens with regard to VAT from EU suppliers post Brexit?
Will my VAT position change?
Non-Tariff barriers: what are these and how could they affect my business?
What will happen to my credit rating post-Brexit?
Will I need to pay by Letter of Credit (L/C)?
If so, how do I open an L/C?
I am importing into the UK from the EU, what will change for me from 31 December 2020?
Can I continue to invoice in Euros?
Will I still be able to insure my UK customers’ receivables?
I import from mainly EU suppliers, what happens if we have a dispute?
What is the governing law after Brexit?
Will the UK continue to be governed by EU Regulatory programmes after December 2020?
Will Registration, Evaluation, Authorisation and Restriction of Chemicals (Reach) still apply?
Who will specify the regulatory framework in the UK after Brexit?
What are the potential impacts of border controls on UK ports?
How can I plan alternative import routes to minimise disruption to my supply chain?
Will I still be able to use non-UK carriers in the UK post-Brexit?