Originally written by Timothy Adler on Small Business
Half of mainly small business exporters that send goods into the EU are facing difficulties trading post Brexit.
For manufacturers the problems are just as bad, with 51 per cent finding life exporting to Europe more difficult after Brexit, according to a British Chambers of Commerce survey.
Overall, nearly one third of businesses (30 per cent) surveyed said they found trading more difficult in January following Britain’s exit from the EU.
>See also: Half a million businesses at risk of collapse without more support
The main problems cited by exporters over Brexit were increased administration, costs, delays and confusion over what rules to follow.
In particular, the BCC would like to see firms be able to write off what they spend on extra admin and customs costs against their tax bill, and for the government to push back against the EU imposing extra health checks on food and animal exports from April, as well as full customs checks from July.
The BCC would also like to see the EU and UK government work together to try and minimise unhelpful burdens, including aspects of rules of origin and VAT.
The research is the first large survey of how companies are coping
Tag Archive for customs
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How will Brexit affect my imports and exports? Where to find customs help
by Ben Lobel • • 0 Comments
Originally written by Ben Lobel on Small Business
UPDATED: The Government has admitted that British companies trading with Europe will have to fill in an extra 215 million customs declarations a year post Brexit.
And this post Brexit customs bureaucracy burden will cost British businesses around £7bn a year, according to Government officials.
You will need an EORI number
UK businesses trading with EU countries need to obtain an Economic Operator Registration and Identification (EORI) number if they do not already have one. UK businesses trading with the EU should (if they do not already have one) apply for a UK EORI number from HMRC, to ensure they can still move their goods into and out of the UK post-Brexit. You can apply for a UK EORI number here.
You will also need an EU EORI number
You will also need an EU EORI number when you export to the European Union. You should apply for an EU EORI number from the customs authorities in whichever EU state you deal with the most, to ensure you can still move your goods into and out of the EU. Get this from the customs authority in the EU country where you submit your first declaration or request your
Hot Business News Today
How will Brexit affect my imports and exports? Where to find customs help
by Ben Lobel • • 0 Comments
Originally written by Ben Lobel on Small Business
The Government has admitted that British companies trading with Europe will have to fill in an extra 215 million customs declarations a year post Brexit.
And this post Brexit customs bureaucracy burden will cost British businesses around £7bn a year, according to Government officials.
One way to relieve the burden for businesses will be to use a customs agent to process your Brexit paperwork. Some 50,000 new private-sector customs agents will have to be hired by businesses to deal with UK-EU border paperwork after December 31, 2020.
In 2018, former HMRC head Jon Thompson estimated that the cost of each customs declaration could be £32.50 each but that could go as high as £55.
What does a customs agent do?
A customs agent – also known as a customs broker or import broker – works to make the import and export of goods run smoothly, by facilitating the clearance of goods through customs.
Customs agents are experts in international trade – it’s their job to keep abreast of the changing rules and regulations, and make sure that their clients have all the paperwork and licenses they need to import goods to the UK.
What’s the difference between a customs agent
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Government issues small traders with EORI numbers as no-deal ramps up
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
The Government will automatically enrol companies with customs identification they need to keep trading with the EU should a no-deal Brexit happen.
HMRC will allocate more than 88,000 firms with an Economic Operator Registration and Identification (EORI) number in the next fortnight – double the existing number.
These unique identifiers are needed to track companies trading with the EU and collect duties.
Read: EORI number: What it is and hot to get or check one
Letters informing companies of their EORI number will start arriving as early as today.
Non-VAT registered businesses will still have to apply manually.
So far, 72,000 companies have EORI numbers. A total of 245,000 firms would need one an EORI number in the event the UK leaves the EU without a deal.
Earlier this month, the Liberal Democrats revealed that only 27pc of businesses which trade solely with other EU member states had obtained an EORI number.
Businesses without an EORI number will be unable to continue to trade with EU member states.
Government sources accused Philip Hammond, the former Chancellor, of blocking the automatic rollout of EORI numbers while he was at the Treasury.
Earlier this month Chancellor Sajid Javid ordered the Treasury to step up preparations
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Brexit: what businesses should do before we leave the European Union
by Anna Jordan • • 0 Comments
Anyone following the winding Brexit negotiations might agree with Bismarck’s observation that laws are like sausages – it’s best not to look too closely at how they are made. Logistics businesses keeping a careful eye on the daily duels might feel a sense of uncertainty, and wonder how to prepare for a post-Brexit world until
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