PREPARING FOR BREXIT!
t's very close but as you will be aware negotiations are still taking place on our exit from the EU, and how we will conduct trade afterwards. If your company currently trades exclusively with other businesses in the EU, you may not be aware of the requirements and VAT procedure for trading outside the EU. Therefore, we would like to suggest you consider the following points to be best prepared for whatever final deal we leave the EU with.
Is your company EORI registered?
The Economic Operator Registration and Identification (EORI) will be required for customs clearance. There is no upfront cost involved and applications currently take a few days to process, however this may increase as the applications grow in volume.
Apply at www.gov.uk/eori
Paperwork:
You will need to provide a commercial invoice and packing list for all shipments along with the following information;
- EORI Number
- Importer / Exporter
- Packing details [Pieces, weights and dimensions]
- Goods Description
- Value and currency
- INCO Terms
- Country of Origin
HS/Tariff Codes [To apply the correct rate of Duty applicable to your Goods and compliance with UK Customs. For the code checks please use;
www.trade-tariff.service.gov.uk/trade-tariff/sections]
Transitional Simplified Procedures
Available from the 7th of February, this can reduce the amount of information needed in an import declaration. Applications to defer any duties payable and have a financial guarantee need to be submitted by 30th June 2019. For further information please go to:
https://www.gov.uk/guidance/register-for-simplified-import-procedures-if-the-uk-leaves-the- eu-without-a-deal
Authorised Economic Operators
Companies who have not considered AEO accreditation should consider the services of an AEO accredited logistics provider (such as Transvalair (UK) Ltd) to mitigate the impact of cross-frontier delays. Please call our office should require any further guidance.
Telephone: +44 (0) 1293 618 617 Email: sales@transvalair.co.uk
