Despite the UK economy edging 0.4% higher in February, helped by a partial rebound in trade with the EU as exporters learnt to deal with new Brexit border restrictions, many more are having to dramatically change their business model, or have simply stopped exporting to the bloc. In the second month since the imposition of new EU/UK …
The EU is to drop ‘Meursing codes’ from import declarations for manufactured food products coming from the UK in a major reduction of post-Brexit red tape, but new EU legislation covering multi-ingredient food products is expected to increase UK export health certificates by up to 30%. The additional EU paperwork, which will be required from the 21st …
Michael Gove informed parliament last week that the introduction of stricter EU import controls, in line with Phases 2 and 3 of the government’s Border Operating Model, are to be delayed by at least six months. The minister for the Cabinet Office insisted that the government had responded to businesses’ requests for more time in announcing what he called a “revised timetable”. …
Postponed VAT Accounting (PVA) was devised ahead of Brexit, to avoid the negative cash flow impact of an additional VAT bill at the EU/UK border. Since 1st January 2021, businesses registered for VAT that import goods into the UK from anywhere in the world – and not just the EU – can use postponed VAT, …
There’s much more to the UK’s freeports than the ability to move goods tariff-free, with businesses potentially enjoying domestic tax breaks and cheaper employee costs, to encourage manufacturing, jobs and investment, in areas that would otherwise struggle to attract them. In his Budget last week, Chancellor of the Exchequer, Rishi Sunak said the freeport’s would …
Technology is the solution to the efficient movement of goods between Great Britain and the EU, and the mainland with Northern Ireland in the post-Brexit transition world. Live for GB/NI trade since the 1st January 2021, the Goods Vehicle Movement Service (GVMS) is a critical border tool partially deployed by HMRC, that was still in …
Since the 1st January 2021, all European Union members are now a third country entity, which means the way you ship goods between the EU and UK has changed. Under the new rules, UK firms doing business with the EU face new processes, paperwork and checks, as we have been advising on a daily basis …
Problems finding import trailers from the EU is being blamed on the slowdown in exports from the UK, which are currently 30% below normal levels, but with continuing delays at the border, the more likely issue is it is less financially or operationally attractive for European hauliers to send their lorries to the UK. Most …
Increasing numbers of exporters are struggling to acquire critical transit documents, which allow goods to cross borders within the European Union, because of delays at issuing offices and difficulties obtaining or increasing transit guarantees. The Common Transit Convention (CTC) allows trucks to move through the European Union and UK using a transit document (TAD), with …
All goods with a UK or EU origin require an appropriate declaration of origin to benefit from preferential tariff rates and failure to provide this proof of origin could leave the importer liable for duty and – under some circumstances – the EU may even impose duty twice on the same goods. The government heralded …