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Brexit Updates: Exporting and Importing

Brexit Updates: Exporting and Importing
25 Oct 2019
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Brexit Updates: Exporting and Importing

Today, businesses can trade between the UK and EU with minimal restrictions.

How this will change post-Brexit

The UK will trade with the EU on the same basis that it trades with much of the rest of the world - so tariffs, quotas, checks and regulation will now apply.

  • Similar changes will apply to trade with many non-EU countries, e.g Japan.

What this means for businesses

Visit gov.uk for step-by-step guidance on importing and exporting from the EU, incl.

  • Make sure you and/or your suppliers have an EORI number
  • Check the rate of duty and tax (incl. VAT on exports) you will be liable to pay
  • Consider applying for duty deferment if you import regularly
  • Check if you are subject to other regulations that are changing, e.g labelling

You should also visit DIT for guidance on trading with non-EU countries.

 

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