If your business imports or exports goods either as sales or in your supply chain, there are a number of things you need to do and be aware of with the Brexit transition period ending on 31st December 2020.
Regardless of whether a deal is reached between the UK & EU, import and export customs declarations will be required for the movement of goods as of 1st January 2021.
It is estimated that the number of customs declarations will increase from 50 million to 200 million.
Exporters are urged to speak with their customs broker or import-export agent who acts on their behalf to secure the service they need beyond the 31st December or look at setting up your business to make declarations internally.
To help SMEs prepare for Brexit, we have produced some helpful materials including:
- Preparing for Brexit: A Guide for SMEs (including helpful links to tools and further resources); and
- A 15-point Action Plan.
If you would like a copy of the guide or the 15-point Action Plan, please get in touch.