Preparing for Brexit?
We are here to help!
We’ve compiled the important changes that may affect your business.
From 1st January 2021 – changes are coming to the UK and EU border on customs.
Importer of record
3 Things to Take Note
You will need to decide who will be the ‘importer of record’ (the importer of record is liable for the VAT owed) – you or your customer? If it is you, you will require a VAT registration in place in the country of arrival in order to account for the VAT.
If you are the importer of record, you will also require an EU EORI (Economic Operator Registration Identification Number), this identifies you as the importer to the EU customs authorities. After Brexit, you will require both a UK and EU EORI number if you importing into either.
In some EU countries, they require a non-EU country to use a Fiscal Representative. The Fiscal Representative is jointly liable for any VAT owed and may require bank guarantees and increased fees. Speak to us to find the best options for your business.
Get a UK EORI Number/a EU EORI
Agree on Incoterms
Describe and Classify the goods correction
Complete commercial invoices
additional export licenses and documents
The Brexit To Do Lists
Get a UK EORI Number (if exporting) and a EU EORI (if importing)
Agree on Incoterms with your suppliers and Customers
Describe and Classify the goods correction when exporting
UK EORI Number
HS Codes / Commodity Codes
Origin of Goods
True Value of Goods
Complete commercial invoices correctly
Understand if you need additional export licenses and supporting documents
Free Brexit Ready Assessment
We are offering a Free Brexit Assessment to all businesses that export outside of the UK
There will be two types of shipper from our experience:
Those who have experience sending outside of the EU who will already have an understanding of how this will work, in terms of providing the correct paperwork, such as Commercial Invoices, and Duties & Taxes.
Those who have only ever shipped within the EU. There is much for them to understand and prepare for.
If you are planning to ship outside of the UK and would like a free Brexit assessment, call us at 0333 5671417 or schedule an appointment.
If there is something we haven’t covered or you have any additional concerns contact us. Your questions will be answered by our team members dedicated to all things post-Brexit.