HMRC Information on EU Exit
11 March 2019
HMRC has shared its latest information to help businesses prepare for the UK leaving the EU.
Letter to Rest of World traders
A letter has been published on GOV.UK which has been sent to 135,000 UK traders that currently trade outside of the EU and will be impacted by changes that will occur on EU Exit. The letter outlines changes to customs procedures and VAT for UK-EU trade that will happen in the event the UK leaves the EU without a deal.
HMRC recommend that even traders that don’t trade with the EU should read the letter carefully and act now where instructed. Even though UK customs processes for trade with the rest of the world will not change, traders may need to adapt their systems and processes.
How you can help the UK traders that use your services prepare for the UK exiting the EU
In addition to this letter, HMRC has written three times to the 145,000 VAT-registered UK traders that currently only trade with the EU setting out actions they should take and the guidance and support available on GOV.UK to inform their EU Exit preparations.
HMRC will issue a further letter to UK traders that trade with the EU only shortly. HMRC is also working closely with stakeholder and representative bodies and using a wide range of other communication channels to help these audiences in their EU Exit preparations.
There are resources available to support these traders in the ‘Communications Resources’ section of HMRC’s EU Exit Partnership Pack. The page includes:
Step-by-step guides for UK importers and exporters setting out the key actions they need to take to prepare their business
Details of the latest guidance on key areas, such as how to successfully complete customs declarations and how to move goods to the EU through roll on roll off ports
Links to the technical notices published in August last year
Copies of the latest letters issued to UK traders to inform their EU Exit preparations
Information about the further guidance and support available
GOV.UK includes a dedicated ‘Prepare your business for the UK leaving the EU’ tool that asks businesses seven questions about the nature of the trade they carry out before presenting the relevant guidance to inform their preparations.
Keep up to date
If you haven’t already done so, you can sign up for the latest EU Exit news as it happens. Register for HMRC’s email update service at www.GOV.uk/hmrc/business-support, select ‘business help and education emails’, then ‘EU Exit’.