Brexit News – 28th October 2019

The EU has announced its agreement to extend Article 50 to January 31st 2020. This extension means no change to customs formalities until that date, or earlier if a deal can be agreed and approved.

Should a deal be agreed then the UK and EU will enter into a transition period, until at least December 2020, during which time EU trade will continue as normal.

NO DEAL is still a very viable option though and should be considered, this could happen on departure or at any point during the transition period. Leaving the EU with no deal would bring many challenges, Customs formalities will be inevitable and delays at the border should be anticipated.

Eurosprint Freight Services have accepted these challenges head-on and have solutions in full readiness in order to keep your goods moving smoothly via our Standard and Time Critical services.

Eurosprint are a founder member of a UK “Customs Clearance Consortium”. We are recruiting additional Customs personnel and have established IT connections to all major ports and terminals in the UK and Ireland. Our consortium is managed by industry experts including advisors to the UK Government and EU Commission.

Eurosprint are ready for Brexit in any format and we want you to be ready too. We strongly recommending all business trading with the EU check their systems and processes to ensure they are able to cope with the sudden change in Customs formalities – here is a run-down on the things you should be considering.

Exporters Guide

1. Do you and your EU customer have an EORI number?

2. Does your customer have a company to handle the EU import declaration and VAT and Duty payments?

3. Have you agreed with your customer the correct Incoterm?

4. Have you agreed with your customer the correct commodity codes for your goods?

5. Do you know if your exports will be levied with an EU import duty tax?

6. Can you update your commercial invoices to show new information post Brexit – we suggest showing your EORI number, Incoterm and Commodity codes.

7. Have you completed a “Direct Representation” form allowing Eurosprint to complete UK Export declarations as a Direct Representative?

Imports Guide

1. Do you and your EU supplier have an EORI number?

2. Have you been issued with/applied for a TSP number? (Transitional Simplified Procedure)

3. Does your supplier have a company to handle the EU Export declaration?

4. Have you agreed with your supplier the correct Incoterm?

5. Have you agreed with your supplier the correct commodity codes for your goods?

6. Do you know if your Imports will be levied with a UK import duty tax?

7. Can your supplier update commercial invoices to show new information post Brexit – we suggest showing a EU EORI number, Incoterm and Commodity codes.

8. Have you completed a “Direct Representation” form allowing Eurosprint to complete UK Import declarations as a Direct Representative?

If you need help with any of these areas please contact a member of the customer service team on 0121 785 0666 or email customs@eurosprint.co.uk

Regards

The Directors

Eurosprint Freight Services

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