Strong & Herd.

International Trade News & Articles

With just over eight weeks to go to the end of the Transition Period HMRC are writing to all businesses that trade with Europe, asking them to take time and find out how to get ready for the new rules coming in from 1 January 2021.  We understand not knowing how to navigate this can be worrying & if you need further advice after reading this article, we have a series of training courses aimed to help you through the next stages. You can book directly onto our courses via our website, you’ll find many courses within the “Customs” area & there’s even a course dedicated to “Brexit & Beyond”. Alternatively, if you require a more bespoke package our in-house experts are here to help!

With just over eight weeks to go to the end of the Transition Period HMRC are writing to all businesses that trade with Europe, asking them to take time and find out how to get ready for the new rules coming in from 1 January 2021.

The letter is part of a publicity campaign aimed at urging UK businesses that trade with Europe to be prepared for the new procedures that will be necessary to facilitate EU cross-border trading readiness from 1st January next year.

The links given below are to the published HMRC guidance where traders can find basic information on trading preparedness, including guidance videos and webinars that users may find helpful.  Topics include:

  • Exporting and sending goods outside of the UK
  • Importing and bringing goods into the UK
  • The customs clearance process
  • What is a customs intermediary?
  • What are controlled goods?
  • What is a commodity code?
  • How do I export?

This information can be accessed here:

https://www.gov.uk/guidance/help-and-support-if-your-business-trades-with-the-eu

 

We would urge traders to give consideration as to how they will be putting the published guidance into working practice. There is a lot of information available, but the devil is in the detail, and that detail may be missing in the official communications

 

Suggested starting points are:

  • Decide how your business will make customs declarations
  • Act now if you intend to use an agent or a customs intermediary to make customs declarations for your business
  • Ensure that you have a good working process between your business and your agent/intermediary. Good communication will be essential
  • Check if your imported goods are eligible for staged import controls

 

More detail can be found in the published letter.

 

The link to the published October letter to traders can be found here:

https://www.gov.uk/government/publications/letters-to-businesses-about-new-trade-arrangements-with-the-eu-from-1-january-2021

 

Link to short information videos:

https://www.gov.uk/guidance/help-and-support-if-your-business-trades-with-the-eu

 

Link to some useful decision trees on importing and exporting processes: https://www.gov.uk/government/publications/how-to-import-and-export-goods-between-great-britain-and-the-eu-from-1-january-2021

 

Link to the HMRC step by step guide to importing:

https://www.gov.uk/prepare-to-import-to-great-britain-from-january-2021

 

Link to the HMRC step by step guide to exporting:

https://www.gov.uk/prepare-to-export-from-great-britain-from-january-2021

 

HMRC will also be running a refreshed social media campaign on their LinkedIn and Twitter @HMRCgovuk channels as below

Twitter: @HMRCgovuk

LinkedIn: HM Revenue & Customs

By on October 20th, 2020
Contact Strong & Herd View more news articles
RSS
Facebook
Twitter

Get Ready for EU Exit

View more news articles
RSS
Facebook
Twitter
0