The UK has left the EU, and the transition period after Brexit comes to an end this year. From 1st January 2021 the process for importing and exporting goods will change. Find out what you need to do by contacting Global Customs Consultants by visiting our contact page or by email firstname.lastname@example.org.
Without a transitional period (as tabled in the withdrawal agreement) or a definitive arrangement, trade relations with the UK will be governed by general WTO rules, without application of preferences as of the date of withdrawal.
This means in particular that:
- Customs formalities will apply, declarations will have to be lodged and customs authorities may require guarantees for potential or existing customs debts.
- Customs duties will apply to goods entering the EU from the United Kingdom, without preferences.
- Prohibitions or restrictions may also apply to some goods entering the EU from the United Kingdom, which means that import or export licences might be required.
- Import and export licences issued by the United Kingdom will no longer be valid in the EU (EU27).
- Authorisations for customs simplifications or procedures, such as customs warehousing, issued by the United Kingdom will no longer be valid in the EU (EU27).
- Authorised Economic Operator (AEO) authorisations issued by the United Kingdom will no longer be valid in the EU (EU27).
- Member States will charge VAT at importation of goods entering the EU from the United Kingdom. Exports to the United Kingdom will be exempt from VAT.
- Rules for the declaration and payment of VAT (For supplies of services such as electronic services), and for cross-border VAT refunds will change.
- Movements of goods to the United Kingdom will require an export declaration. Movement of excuse goods to the UK may also require an electronic administrative document (eAD).
- Movements of excise goods from the United Kingdom to the EU (EU27) will have to be released from customs formalities before a movement under Excise Movement and Control System (EMCS) can begin.
All businesses concerned have to prepare, make all necessary decisions, and complete all required administrative actions as soon as possible, in order to avoid disruption.
Follow the checklist below and get to know which practical steps you need to take as soon as possible to be prepared.