New Forest

20/03/2019

Simplified import procedures in the event of “no deal”

Arrangements have been announced by the government regarding the movement of goods to and from the EU. A simplified import and export system has been implemented by HMRC – in the event of a ‘no deal’ scenario – as a mechanism to ensure that goods move to and from the UK, with a reduced administrative burden for businesses, in terms of the documentation required at the port of entry and exit.

It is intended to make it easier for businesses who import from the EU using roll on roll off (RO-RO) facilities. This development will be of interest to any businesses involved in intra-EU trade. In particular, those businesses whose goods arrive and depart from one of the UK’s RO-RO locations for example, Poole, Portsmouth or the Channel Tunnel.

Businesses need to consider whether they wish to make use of this provision. HMRC has advised that businesses will need to register to use Transitional Simplified Procedures (TSP), this can be done from 7th February 2019 via the following link: www.gov.uk/hmrc/eu-simple-importing<http://www.gov.uk/hmrc/eu-simple-importing.

These transitional simplified procedures reduce the amount of information you need to give in an import declaration when the goods are crossing the border. They do this by allowing you to defer giving a full declaration and paying the relevant customs duty.

For further information on the tax implications on leaving the EU, please contact Alan Rolfe on 023 8046 1235.

Latest Tweets

Under new rules, large and medium sized organisations who pay workers via personal service companies will need to change their procedures from 6 April 2020 https://t.co/TJ8eZEdu55

From April 2020, business insolvencies will be handled differently with HMRC gaining preferential treatment over providers such as banks https://t.co/4KENSytaDL

Let’s Talk

Why not arrange a FREE consultation and find out what we can do for your business.