The UK is leaving the EU single market and customs union. Businesses will see changes from 1st January 2021. With just 80 days left of the transition period have you prepared? Businesses that import and export goods From 1st January 2021 the process for importing and exporting goods will change. If you receive goods via … Read more
HMRC has written to all VAT-registered businesses in Great Britain who trade with the EU and/or the rest of the world. The letters highlight what they need to do to prepare for the UK’s exit from the EU at the end of this year. The letters point out that the actions required to ensure they … Read more
HMRC have issued an update to help VAT registered businesses that trade with Europe prepare for when the UK leaves on the 31st January 2020. 31st January 2020 After the 31st January the UK will no longer be part of the European Union. There will be an implementation period that will last until 31st December … Read more
HM Revenue and Customs (HMRC) has automatically registered 95,000 businesses for its simplified import procedures allowing most traders up to six months to pay import duties and submit customs declarations, if the UK leaves the EU without a deal on 31 October. What is the TSP scheme? The scheme, known as Transitional Simplified Procedures (TSP), … Read more
HMRC has revised its assessment on the cost to business in the case of a no-deal Brexit. Estimated to cost £15bn a year for ongoing administrative costs for UK-EU trade and up to £56 per declaration HMRC impact assessment for the movement of goods if the UK leaves the EU without a deal (third edition) … Read more
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