NAJ News

Bitesize Brexit update: preparing for a no deal

19 Aug 2019

Brexit EvemtAfter attending a recent ‘preparing for a no deal’ webinar, Rosina Singleton, BATF Chief Operating Officer shared a summary of what member organisations should be aware of, particularly if trading overseas.

The Department for Business, Energy and Industrial Strategy (BEIS) held a seminar to explain the actions they are taking, and businesses need to take to minimise disruption of cross border trade in the event of a no-deal Brexit.

 

Policies and Tariffs

Government is seeking continuity of existing EU trade agreements including quotas and rules of origin

Plans to maintain border security, facilitate the flow of goods and protect revenue and compliance with standards are:

Transitional simplified procedures (TSP) from EU to UK

  • Intermediates liability
  • Guarantee relaxations
  • Entry summary declarations

  

Have you got your EORI?

To interact with UK Customs systems to import or export goods businesses will need an Economic Operator Registration Identification (EORI) number, available from www.gov.uk/eori.

Subject to eligibility, this will allow traders to use transitional simplified procedures to make their customs declaration directly in their commercial records up to 3 weeks before importation followed by an electronic update to HMRC when goods arrive and a supplementary declaration by the 4th working day of the following month.

Businesses who only trade with the EU need to act now to ensure that they are prepared in the event of a No Deal EU exit

Apply for an EORI number

  • Consider registering for TSP
  • Confirm you can complete each data field in the Declaration
  • Agree responsibilities with your customs agent and logistics provider for each part of the process and update your contracts to reflect this
  • Identify software for submitting documents, if you do not use a customs agent

For exports, data can be pre-lodged using specific software linked to HMRC to obtain approval to export.

 

NAJ Member? Missed the notes from the latest Brexit webinar?

NAJ, along with other Associations in the British Allied Trades Federation hosted a webinar run by BEIS on Wednesday 11th September. 

Download Webinar Notes (Member login required)

BATF