With 550,000 additional declarations every day from the 1st January 2021 and 145,000 businesses submitting declarations for the first time, the potential to crash border systems is very real. Taking action now can protect your supply chain.
Despite the government estimating that 50,000 new customs agents will be needed after Brexit, Robert Keen, director-general of the British International Freight Association (BIFA), the main provider of customs training in the UK, said the country was falling “many thousands short” of the target.
The Government has released the UK’s new most-favoured nation (MFN) tariff regime, the UK Global Tariff (UKGT). This will replace the EU’s Common External Tariff on 1 January 2021 at the end of the Transition Period.
The government has warned UK businesses that goods from the European Union will be subject to border controls when the transition period ends on 1st January 2021, bringing to an end frictionless trade with the country’s biggest market.
The Brexit extension removes the immediate danger of a no-Deal exit but…..
Easements previously announced by HMRC in the run up to the original March Brexit deadline, have been extended for the 31st October 2019 deadline.
HMRC authorises firms for Transitional Simplified Procedures (TSP) designed to simplify importing after Brexit on 31 October.
A study by the International Monetary Fund has concluded that the UK will be hit harder by Brexit than the European Union, as Freight industry leaders urge forwarders and shippers to prepare for a hard Brexit.
The new £157m Customs Declaration Service (CDS) will go live just three months before Britain leaves the EU. Introducing a massive new programme at such a critical time is making many nervous, but we believe that CDS represents a massive step forward.