Be prepared for a ‘no deal’ Brexit
13 March 2019
HMRC is urging business owners to prepare now for a no-deal Brexit, highlighting three steps they should take to ensure their businesses can continue to trade with the EU.
Firstly they need to register for an Economic Operator and Registration Identification (EORI) number, which HMRC says only 17% of businesses have so far done.
Then, businesses need to consider how they want to make customs declarations – which usually means using a customs agent.
For businesses that import goods into the UK from the EU using roll on roll off locations, they can take a third step and register for new Transitional Simplified Procedures (TSP). TSP will allow businesses to import without having to make a full customs declaration at the border and postpone paying any import duties. For imports using other locations, and for exports, standard customs declarations will apply.
Financial Secretary to the Treasury Mel Stride MP said:
“We want businesses to be able to continue trading with minimal disruption in any scenario…Step by step advice can be accessed via GOV.UK – the help is there, we just need business owners to take action.”