Aerospace
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Animals and animal products
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Automotives
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Chemicals
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Chemical regulations
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Completing customs import declarations
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Construction
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Consumer goods
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Export health certificates
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Intellectual property
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• Investing and operating as a UK business in the EU
Life sciences
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Metals and other materials
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Personal data
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• Professional services: qualifications, audit and accounting, and legal services
Regulation of manufactured goods
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Retail
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Services and investment
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HMRC Chief Executive and First Permanent Secretary, Jim Harra, appeared recently at the Public Accounts Committee (PAC) to give evidence, during which he emphasised how important it is for business to be ready for changes to UK Border crossing for trading, as the transition period comes to an end.
The session can be viewed on ParliamentLive.TV.
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Brexit: UK-EU Trade Deal yet to be made, but agreements reached with Canada and Japan 4 December 2020
As it currently stands, if a deal is not reached between the UK and the EU on the subject of trade, then the UK could potentially see itself trading with the EU under the rules as laid out by the World Trade Organisation.
With thanks to Mondaq….
There has, however, been some progress on the UK’s trading relationships with a few major trading partners. On 23 October 2020, the UK Government and Japan signed a new trade agreement which was the UK’s first major trade deal as an independent trading nation. The deal means that 99% of UK exports to Japan will have no tariffs imposed, which it is anticipated will result in an annual boost of over £15 billion to trade between the two countries. Within the agreement, there is also the promise that Japan will support the UK and join the Trans-Pacific Partnership, which is one of the world’s biggest free trade areas, which covers 13% of the global economy, and did more than £110 billion of trade in 2019.
An arrangement has also been made with Canada, so the existing trading relationship, worth £20 billion per year, will continue. Negotiations have begun in relation to a new, different deal which could be implemented from as early as
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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