Trading with the EU post Brexit
HMRC’s Border Delivery Group has issued several publications aimed at importers and exporters, who primarily trade with the EU and are thus unfamiliar with the requirements of international trade.
Much of the material will be familiar to Members, however BIFA suggests that it would be appropriate to make this material available to clients who are pondering how to cope with EU trade post Brexit.
EU Exit website and planning tool
Government has launched the official EU Exit website. Leaving the EU means a number of changes that will affect businesses and individual citizens. The website prompts users to answer a few simple questions to find out how to prepare for EU Exit, and the steps they may need to take.
Update to partnership pack: preparing for changes at the UK border after a ‘no deal’ EU Exit (third edition)
The third version of partnership pack is available. The pack provides a high-level guide to processes and procedures that are likely to apply to cross-border activity between the UK and the EU in the event of a ‘no deal’ scenario.
Common transit assumptions
The UK is set to remain in the Common Transit Convention (CTC) after Brexit, ensuring simplified cross-border trade for UK businesses exporting their goods. The UK is currently a member of the CTC while it is in the EU, and has successfully negotiated membership in its own right after Brexit. This would apply to any new trading relationship with the EU or in the event of a no deal.