A simplified import and export system has been implemented by HM Revenue & Customs (0HMRC) in the event of a no-deal, to ensure that goods are moved in and out of the UK without any overwhelming burdensome documentary or physical interdiction by HMRC at the port of entry/exit.
Depending on your logistical and trading model with the EU, you may need to consider actively registering with HMRC from 7 February to use the simplified import/export procedure for current intra-EU trade.
Simon Sutcliffe, customs duty partner commented, “Registering with HMRC will be a step towards trying to ensure that EU trade movements remain as seamless as is possible come ‘day one’ post-11pm on 29 March 2019.”
All goods arriving and departing at the UK’s 135 RO-RO, Channel Tunnel ports and some airports will be affected. All companies wishing to use this regime will also need to have applied for an EORI number to complement any UK VAT number they currently hold.
For more information and to register with HMRC, please see the following links:
Simon added, “This is a useful and helpful development of what is in effect an existing customs regime. However, business must use it as one part of a continuing ‘no deal’ Brexit contingency planning process. They should not pause in their preparations.”
For more information, please contact Simon Sutcliffe.