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BREXIT - NEW RULES FOR TRADE, TRAVEL AND LIVING IN THE UK AND EU FROM 1 JANUARY 2021. – 21 NOVEMBER 2020

RMcH states: Many businesses who trade with the EU are no doubt watching the Brexit negotiations closely. Whether or not there is a free trade agreement, many of the administrative changes for trade and travel are already known and it is important you plan ahead for these.

 

The British government produced guidance in trading between the EU, referring to 3 phases of importance:

 

From January 2021: Traders importing standard goods will need to prepare for basic customs requirements, such as keeping records of imported goods. Traders will also need to consider how they account for and pay VAT on imported goods. Traders will then have up to six months to complete customs declarations. While tariffs will be payable where due on relevant goods, payments can be deferred until the customs declaration has been made.

 

From April 2021: All products of animal origin (POAO) and all regulated plants and plant products will require pre­notification and the relevant health documentation. Any physical checks will continue to be conducted at the point of destination until July 2021.

 

From July 2021: Traders moving any goods will have to make full customs declarations at the point of importation and pay relevant tariffs. Full Safety and Security declarations will be required. While there will be changes to the way goods move between Great Britain and Northern Ireland, the Northern Ireland Pro

 

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