Brexit

At the time of writing, it is not yet known whether the UK and EU will strike a Brexit trade deal. However, there are preparations you can be making now, as detailed below, to make sure that your business is ready for the end of the transition period, on 31 December 2020, whether a trade agreement is reached or not.

  1. Click here to register for an EORI number (your EU customers will also need to register for an EU EORI number if they do not already have one). 
     
  2. Ensure your EORI is on all commercial documentation along with the following;
  • Country of Origin
  • Product Description
  • Commodity Codes
  • Consignment Value
  • Consignment Weight and Dimensions
  • Full Consignee Details
     
  1. Make sure you know the commodity code of your goods. Get help with this here. 
     
  2. You also need to make sure you know the customs procedure code for your goods. Guidance is available here
     
  3. Agree Incoterms with your customers. These are internationally recognised rules which define the responsibilities of sellers and buyers. Find out more here
     
  4. Apply for a deferment account to delay payment of your import duties and VAT for up to 46 days. Find out more here. 
     
  5. Ensure you keep records for the last six years for all traded goods declared to HMRC (for duty and tax purposes). 
     
  6. A licence or certificate will be required to export some types of goods from the UK. Find out more here. A useful tool to check if this applies to your business, is available here.

 

Please be assured that both Kinaxia Logistics and our Companies, are well prepared to ensure that you receive the right support to help reduce any potential transit issues that may arise after the end of the UK transition period, whatever the outcome.  In the meantime, we strongly advise that you regularly check the following websites and helplines for the most up-to-date information.

UK Government Transition Guide
Website: Click here

UK Government Imports and Exports Helpline
Phone: 0300 322 7900

British Chamber of Commerce - Brexit Hub
Website:
Click here

The European Union and the United Kingdom – forging a new partnership
Website:
Click here

Should you require any further guidance please don’t hesitate to reach out to your local representatives or alternatively email our international division: [email protected]

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Get in touch and one of our experts will be glad to assist you as soon as we can.