These are uncertain times but if the UK leaves the European Union without a deal, we will no longer be able to enjoy the free movement of goods that membership of the Single Market allows. The supply of services may also be affected. These are the key things you need to be aware of should a ‘no deal’ Brexit occur with some helpful links through to the Government’s website:
– Obtaining a European Operator Registration and Identification number (EORI) – Get an EORI number
– Registering for Transitional Simplified Procedures (TSP) – Register for TSP
– Obtaining a Duty deferment account – Deferring duty
– Accounting for Import VAT – Payment process if no deal
Then there are various complex areas where additional action may be needed, these include:
Goods
– Low value consignment relief
– Distance selling
– Call off stock
– Buying and selling a new means of transport
– Movement of own goods
– Export and import requirements
– Use of customs warehouses
– Entry Summary Declarations
– Common Transit Convention
Services
– Broadcasting, telecommunications & e-services (BTE) and the mini one stop shop (MOSS)
– Use and enjoyment provisions
– Travel services
– Financial services and specified supplies
– Restaurant and catering services provided on board transport
– Business to consumer freight transport
– Reverse charge services
– Goods sent for processing and repair
– Express courier services
Other considerations
– EC Sales Lists
– Intrastat
– Fiscal representatives
– Invoicing
If you would like any advice on any of the information above, please don’t hesitate to get in touch with our team on 01254 679131.
