Four things you can do now

• Review tariffs

  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

  Government grants are available to help you complete customs declarations. You can get funding for training, IT improvements or recruitment.