The Government is encouraging businesses across the UK to put contingency plans in place should the country leave the EU on 29th March 2019 without a deal.
HM Revenue & Customs has published three key steps that all VAT-registered businesses that trade with partners in the EU should take:
- Register for a UK Economic Operator Registration and Identification (EORI) number. Registration for an EORI number is relatively straightforward and can be completed online in around 10 minutes by clicking here. https://www.gov.uk/guidance/get-a-uk-eori-number-to-trade-within-the-eu
- Decide whether they will use a customs agent to make import and/or export declarations or make the declarations themselves using specialist software. Guidance on declarations can be found here. https://www.gov.uk/guidance/declaring-your-goods-at-customs-if-the-uk-leaves-the-eu-with-no-deal
- Speak with organisations in their supply chain, such as hauliers, to find out if they will need to supply additional information to complete safety and security declarations, or whether they will need to submit these declarations themselves.
At McGills, we continue to support businesses in their preparations for the UK leaving the EU.