HMRC recommend that even traders that don’t trade with the EU should read the letter carefully and act now where instructed. Even though UK customs processes for trade with the rest of the world will not change, traders may need to adapt their systems and processes. How you can help the UK traders that use your services prepare for the UK exiting the EU In addition to this letter, HMRC has written three times to the 145,000 VAT-registered UK traders that currently only trade with the EU setting out actions they should take and the guidance and support available on GOV.UK to inform their EU Exit preparations. HMRC will issue a further letter to UK traders that trade with the EU only shortly. HMRC is also working closely with stakeholder and representative bodies and using a wide range of other communication channels to help these audiences in their EU Exit preparations. There are resources available to support these traders in the ‘Communications Resources’ section of HMRC’s EU Exit Partnership Pack. The page includes: • Step-by-step guides for UK importers and exporters setting out the key actions they need to take to prepare their business. • Details of the latest guidance on key areas, such as how to successfully complete customs declarations and how to move goods to the EU through roll on roll off ports. • Links to the technical notices published in August last year. • Copies of the latest letters issued to UK traders to inform their EU Exit preparations. • Information about the further guidance and support available. GOV.UK includes a dedicated ‘Prepare your business for the UK leaving the EU’ tool that ask businesses seven questions about the nature of the trade they carry out before presenting the relevant guidance to inform their preparations. Keep up to date If you haven’t already done so, you can sign up for the latest EU Exit news as it happens. Register for HMRC’s email update service at www.GOV.uk/hmrc/business-support, select ‘business help and education emails’, then ‘EU Exit’.
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Be prepared for a ‘no deal’ Brexit 13 March 2019
HMRC is urging business owners to prepare now for a no-deal Brexit, highlighting three steps they should take to ensure their businesses can continue to trade with the EU.
Firstly they need to register for an Economic Operator and Registration Identification (EORI) number, which HMRC says only 17% of businesses have so far done.
Then, businesses need to consider how they want to make customs declarations – which usually means using a customs agent.
For businesses that import goods into the UK from the EU using roll on roll off locations, they can take a third step and register for new Transitional Simplified Procedures (TSP). TSP will allow businesses to import without having to make a full customs declaration at the border and postpone paying any import duties. For imports using other locations, and for exports, standard customs declarations will apply.
Financial Secretary to the Treasury Mel Stride MP said:
“We want businesses to be able to continue trading with minimal disruption in any scenario…Step by step advice can be accessed via GOV.UK – the help is there, we just need business owners to take action.”
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The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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