It’s been a while since we issued an update. Things have been a little quiet since the panic of the October no deal threat but, as usual, we have used the time wisely. WHAT HAVE WE BEEN UP
Whilst there may be a deal in the offing, the prospect of a no deal remains very real. Ironically it now comes down to the House of Commons. They have rejected no deal countless times but are now
A couple of big weeks ahead, culminating in the European Council meetings 17-18th October. As it stands we are leaving on the 31st October 2019. Quite how that can happen is a mystery. The PM is still saying
Whilst Parliament has been prorogued(!) we have been busy building essential information packs. We have seen a swarm of updates issued by HMRC but none are truly end-to-end. We decided to fill this gap and have written three
It has been a while since we published an update. Probably overdue. We have not been idle though. April came and went and hardly anybody was ready. We got an extension until end of October and it’s been
The EU elections delivered some predictable results (in the UK at least) with The Brexit Party doing as well as expected. Some magical mathematics followed with both sides, LEAVE and REMAIN, claiming victory. Only goes to show how split the UK still is.
The UK have released their no deal tariffs. We’re still absorbing most of the information (2,000+ pages!) but the key points are that 87% of trade will be free from duty. We have an xl doc with the duty rates shown across 470 tariff lines and understand that if they are not listed, they are nil.
This will allow you to enter the UK with little more than your EORI number as the initial import declaration. It really couldn’t be simpler. For those of you (importers) where we were handling your CFSP, we have already lodged your TSP application.
Customs have created a simplified process known as TSP (Transitional Simplified Procedures). For those of you that are mid-way through CFSP approval we will apply for TSP and let you know. The application process is not yet open but should be in a few days.
We have completely revamped our import and export planning documents. They now include exports from Ireland as well as from UK. The whole process and procedure is mapped out including transit and port operations. We have also included access to further information such as WTO schedules, training videos and process flow charts.
Following the advice from the UK Government and heavy media coverage, the number of companies applying for EORI numbers has increased significantly. However, please do not think it is the answer to everything. Having an EORI number is the first step in the journey.
HMRC recently issued a further communication to around 145,000 UK traders who may be unfamiliar with Customs processes. Copy of the letter is here : https://bit.ly/2UgH0ys We have received many questions about this letter. Let’s deal with them one-by-one
EORI, or Economic Operator Registration and Identification to give it its full name, is (in most cases) your VAT number with some additional data fields. It should not be confused with AEO (Authorised Economic Operator). Unlike AEO, EORI is quick and easy to obtain.