New Rules for Trading with Europe
We’re sure you’re aware that the way the UK trades with Europe has now changed. The question is, what’s different?
All exports from the UK now need to be declared through customs. The government highly recommends getting a contract in place with a customs intermediary, such as a freight forwarder or customs broker.
Any goods that you export to Europe now need to have an accurate classification, as well as evidence of their origin. Again, a customs intermediary can advise on this in order for tax errors to be prevented.
Safety and security
An entry summary declaration isn’t required for goods you import into the UK from the EU before 30th June 2021. As for exporting, you need to make an exit summary declaration if you haven’t fulfilled safety and security requirements through a customs export declaration. More information can be found here.
If you're preparing to move goods under the Northern Ireland Protocol, register for the free Trader Support Service.
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Tagged as: Accountancy Tips & Advice
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