There are also important updates on the way businesses trading with the EU pay import VAT and use EU VAT IT systems if we leave with no deal.
The full letter is available to read at Letters on 'no deal' Brexit advice for businesses only trading with the EU.
These changes do not apply to trade across the Northern Ireland-Ireland land border. HMRC will set out information about the arrangements for trading with Ireland as soon as it can.
New guidance New guides have also been published which provide further information explaining what these changes mean for UK businesses that trade with the EU. These guides can be found on GOV.UK on: • Customs procedures • Moving goods to and from the UK • VAT IT systems rules and processes New ‘Prepare your business for the UK leaving the EU’ tool A new tool has also been published - ‘Prepare your business for the UK leaving the EU’. This is to help UK businesses find out: • what they need to do to prepare for the UK leaving the EU • what’s changing in their industry • information on specific rules and regulations.
All you need to do is answer 7 simple questions to get guidance relevant to your business and sector. You can access the tool at Prepare your business for the UK leaving the EU.
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HMRC Information on EU Exit 12 March 2019
HMRC has shared its latest information to help businesses prepare for the UK leaving the EU.
Letter to Rest of World traders A letter has been published on GOV.UK which has been sent to 135,000 UK traders that currently trade outside of the EU and will be impacted by changes that will occur on EU Exit. The letter outlines changes to customs procedures and VAT for UK-EU trade that will happen in the event the UK leaves the EU without a deal. 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.
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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