Prioritise these areas in your response to Brexit...
EU suppliers moving goods into the UK may need to register for VAT in the UK.
UK suppliers importing goods into the EU post Brexit will need to register for VAT in the member state of importation, navigating any requirements to appoint a local fiscal representative.
These measures will be required until the introduction of the One-Stop-Shop in July 2021.
The new UK EU Free-Trade-Agreement eliminates all tariffs and quotas. However, to qualify for tariff-free access, organisations will need to meet Rules of Origin (RoO) requirements, proving that the goods originated in the UK or the EU.
The UK has set its own external tariffs for imports from the rest of the world.
As the UK leaves the EU, organisations will need to comply with new rules and have the appropriate shipping documents to clear goods.
For detailed guidance on the VAT and customs implications of Brexit, download our guide for importers and exporters.
The UK Government has announced the UK Global Tariff (UKGT) that will replace the EU’s Common External Tariff. These are the import tariffs the UK will levy on goods from countries with which it does not have a specific free trade agreement. These apply to imports into the UK and may create opportunities for organisations importing from outside the EU and countries without existing Free Trade Agreements.
In addition to reviewing the impact on imports, you should also explore the possible tariff barriers you may face exporting to international markets.
Make sure your paperwork is in order
To avoid delays and ensure goods can be cleared, make sure you have all you need to complete export customs declarations and have the appropriate shipping documents as proof of the export or appoint a customs agent to assist.
Prepare for VAT changes
– Ensure you have necessary VAT registrations in place
– Understand exposure to Import VAT costs on imports into Europe
– Update processes to handle new rules on Import VAT payments
Utilise government support
Governmentgrantsare available to help you complete customs declarations. You can get funding for training, IT improvements or recruitment.
"Moving goods and delivering services across borders is going to become more complex. New procedures and tariffs will need to be navigated. We can guide you through new rules, support with training, ensure compliance and utilise available supports to ensure you continue to meet client needs."
Karen Robb, Partner
Our work with clients
Over the last three years we’ve worked with organisations of many sizes and sectors to help them prepare for political volatility.
Supporting business as usual through Brexit
A retailer was looking at ways to continue distributing product to clients across Europe. We organised a workshop with experts across VAT, customs and supply chain operations to run through various models and establish a resilient plan. Once a preferred model was agreed, our UK and European firms supported in the execution, including organising the necessary VAT registrations, gaining an EU EORI number and the provision of fiscal representation.
There's no one size fits all approach to Brexit. Speak to one of our experts for a response tailored to you.