Export Edge provide training and support to empower you to make the best decisions to embrace the Brexit opportunities and avoid the pitfalls. With 30 years in business, our company (in north and south) supports over a thousand companies to overcome the complexities in international trade areas, such as Trade Documentary processes, Customs / VAT compliance returns, dangerous goods logistics and international trade finance payment
Post - brexit effects
Since the end of the transition period, the UK is no longer part of the EU’s single market and customs union. The UK has established new trade agreements with several countries, including the European Union, Canada, Japan, and many others. The UK has also established its own trade policy, which allows it to negotiate and sign trade agreements independently.
Post Brexit, the UK has regained control over several policy areas such as immigration, agriculture, and fisheries. However, leaving the EU has also resulted in new challenges, including the need to establish new regulatory frameworks, manage border controls, and negotiate new trade deals with countries around the world.
Post - brexit challenges :
Post Brexit challenges are complex and will require a range of solutions to address. Here are some potential solutions to the challenges faced by the United Kingdom (UK) following its withdrawal from the European Union (EU):
Trade: The UK can continue to negotiate new trade deals with countries around the world to replace the agreements it had with the EU. The UK can also work to establish new regulatory frameworks that align with those of its trading partners.
Regulatory alignment: The UK can establish new regulatory frameworks that are compatible with those of its trading partners, while also maintaining high environmental and safety standards.
Northern Ireland: The UK and the EU can work together to implement the protocol for Northern Ireland and address any issues that arise.
WHAT IS THE NORTHERN IRELAND PROTOCOL ?
The Northern Ireland Protocol is a part of the Brexit Withdrawal Agreement between the EU and UK. It was created to solve the issue of the Irish land border by relocating regulatory and customs checks required by Brexit to the Irish Sea. This has resulted in increased trade regulations between Britain and Northern Ireland, causing difficulties for some businesses and angering those who believe that Northern Ireland’s position within the UK has been affected. While there have been some isolated incidents of violence related to the protocol, they have not been widespread or long-lasting.
Immigration: The UK can develop a flexible immigration policy that balances the needs of businesses with the concerns of citizens, while also ensuring that the policy is consistent with the UK’s values and principles.
Economy: The UK can continue to invest in sectors such as technology and innovation to drive economic growth, while also providing support for sectors that have been affected by Brexit and the COVID-19 pandemic.
Overall, addressing post Brexit challenges will require a coordinated effort from the UK government, businesses, and other stakeholders. The solutions will need to be flexible and adaptable to changing circumstances as the UK establishes new trade relationships and navigates a new global economic landscape.
How we can help you ?
Brexit has introduced new import/export documentation requirements between the UK and EU countries. Some of the categories of documentation required for imports/exports between the UK and EU post-Brexit include:
- EORI number: All UK businesses that import or export goods with the EU require an Economic Operator Registration and Identification (EORI) number.
- Customs declaration: The UK requires import/export declarations for goods traded with the EU.
- Export health certificates: Required for exporting animal products such as meat, fish, and dairy.
- Phytosanitary certificates: Required for exporting plants and plant products.
- Safety and security declarations: Required for all goods entering the UK or EU from third countries.
- VAT and customs duty: New VAT rules apply to goods imported into the UK from the EU, and customs duties may apply depending on the type and value of goods.
- Rules of Origin: Importers/exporters may need to provide proof of origin to benefit from preferential tariffs in trade agreements.
ROS (Revenue Online Service) downloads for Duties, VAT and TAN reconciliations in the context of Brexit would refer to the online reports and statements available through the ROS platform to help businesses manage taxes and duties related to the movement of goods between Ireland and the UK after Brexit.
These ROS downloads may include:
- Import VAT: Irish VAT is payable on most goods imported from the UK, and businesses can use ROS to manage and reconcile their VAT payments.
- Customs Duty: Customs duties may be payable on goods imported from the UK, depending on the type and value of goods. ROS downloads can provide information on these duties and help businesses manage their customs duty payments.
- Excise Duty: Excise duties may apply to goods such as tobacco, alcohol, and energy products. ROS downloads can help businesses manage and reconcile their excise duty payments.
- TAN reconciliations: TAN (Tax and Duty Manual) reconciliations involve reconciling tax and duty accounts with actual payments made to Revenue. ROS downloads can provide statements and reports to help businesses manage this process.
Overall, ROS downloads can help businesses comply with their tax and duty obligations when trading with the UK post-Brexit.
Brexit has introduced new requirements for AIS/SADs and associated documents for goods being imported into the UK or EU.
AIS/SADs may need to be completed differently depending on whether the goods are being imported into the UK or EU. The UK has introduced a new customs declaration process, the Customs Declaration Service (CDS), which replaces the previous system for completing SADs. The EU continues to use the SAD form for customs declarations.
Associated documents required for importing goods into the UK or EU after Brexit may include:
- Commercial Invoice: As before, a document used to declare the value, quantity, and description of the goods being imported.
- Packing List: As before, a document that provides details of the contents of each package, including weight and dimensions.
- Bill of Lading: As before, a document issued by the shipping company that details the goods being transported, their origin, and destination.
- Certificate of Origin: As before, a document that verifies the country of origin of the goods being imported.
- Licenses and Permits: New licenses and permits may be required for goods being imported into the UK or EU, depending on the type and value of goods.
Overall, AIS/SADs and associated documents are still important for facilitating the importation of goods into the UK or EU while ensuring compliance with customs regulations and tariffs after Brexit.
Brexit has resulted in changes to the Customs Tariff applicable to goods being traded between the UK and the EU.
The Customs Tariff is a system of taxes on imported and exported goods. It is used to determine the amount of duty payable on goods entering the UK or EU.
Since Brexit, the UK has its own independent Customs Tariff, which is different from the EU Customs Tariff. This means that businesses importing goods into the UK from the EU, or vice versa, will need to follow the new tariff rules and ensure that they are paying the correct amount of duty.
In addition, Brexit has also introduced new trade agreements between the UK and other countries, which may have an impact on the customs duty payable on certain goods. For example, the UK has agreed on a new trade deal with Japan, which includes the elimination or reduction of customs duties on a range of goods traded between the two countries.
Overall, the changes to the Customs Tariff as a result of Brexit mean that businesses will need to be aware of the new rules and ensure that they are paying the correct amount of duty on their imported or exported goods.
commodity code classification is an important consideration for businesses trading between the UK and the EU after Brexit, as it is used to determine the amount of duty payable on goods and ensure compliance with customs regulations.
Compliance with rules of origin is important for businesses to ensure that their products meet the necessary criteria to qualify for preferential treatment under the UK-EU TCA. This may require businesses to review their supply chains, production processes, and documentation to ensure that their products meet the relevant rules of origin criteria. Failing to comply with the rules of origin could result in higher tariffs, delays at the border, and potential legal consequences.
Explanation of Customs Procedure Codes (CPC) and what they do.
Availing of Special Customs Procedures and Authorizations.