traders who trade with the EU, to confirm what the new customs and tax rules that will be implemented are, and how to deal with them.
Michal Gove, Chancellor of the Duchy of Lancaster, said:
“At the end of this year we are leaving the EU Single Market and Customs Union and this means there are both new challenges and new opportunities for businesses. Make no mistake, there are changes coming in just 75 days and time is running out for businesses to act.
It is on all of us to put in the work now so that we can embrace the new opportunities available to an independent trading nation with control of its own borders, territorial waters and laws.”
Business Secretary, Alok Sharma, also commented:
“With just 75 days until the end of the transition period, businesses must act now to ensure they are ready for the UK’s new start as an independent trading nation once more. There will be no extension to the transition period, so there is no time to waste.
There will be a guaranteed set of changes for which businesses need to prepare for, so I urge all businesses across the country to check gov.uk/transition to see what action they need to take.
Businesses have a crucial role to play in ensuring a smooth transition, and the Government will be there to support them through this change every step of the way.”
The end of the transition period will bring changes for anyone who sells goods to the EU, who travels to the EU for the purposes of work and any parties that employ overseas nationals. It will also impact any UK business or organisations that receive personal data from contacts in the EEA, and anyone who provides services in the EU. There will be substantial changes to the right to work documentation that can be accepted from EU citizens, so companies need to be aware of this. From 1 January 2021, EU passports will no longer be classed as sufficient proof of right to work for EU citizens, as they will now be required to demonstrate either pre-settled or settled status, or to provide a Euro TLR or visa under the new immigration system. There will, however, be no requirement to carry out retrospective checks on existing employees who are EU citizens. Any EU citizens with pre-settled or settled status, or Euro TLR, beginning a new job following 1 January 2021, will be required to use the online checking service as status is only provided digitally.
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Trader Support Service – Traders urged to act now 9 November 2020
HMRC is urging traders to act now and prepare for the new requirement to submit declarations from 1 January 2021 for goods moving from Great Britain to Northern Ireland.
The Trader Support Service (TSS) is free-to-use and is available now, aiming to support businesses with the upcoming changes to Northern Ireland trade, which will come into effect following the end of the transition period, from 1 January 2021. Businesses will be required to submit declarations from that point on.
Digital import declarations will be required, in addition to security declarations, for goods that are passing from Great Britain to Northern Ireland. This will guarantee that:
Tariffs are not paid on trade within the UK
•
• Northern Ireland can benefit from UK Free Trade Agreements • Goods that are destined for Ireland (i.e. the EU) pay tariffs when they should
The TSS can be utilised to make these declarations, and is available to all traders, irrespective of size.
Traders moving goods into or out of Northern Ireland will require an EORI number from 1 January 2021. This number will begin with XI, and to obtain this number, businesses must already have an EORI number that begins with GB.
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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