Essential actions to take for ‘no deal’ Brexit scenario

In September 2018, the UK Government wrote to business owners, that specifically import & export goods with the European Union, to announce that if the United Kingdom left the EU without a deal, on the 29th March 2019, there would be immediate changes to the way company’s trade with other businesses across the EU.Brexit No-Deal

The UK Government has taken precautionary steps in negotiations with the European Union committee, reaching a deal on withdrawing in a smooth and orderly fashion, with plans to make a political declaration on a future trading partnership.

Both the UK & European Parliaments must now ratify the deal. However, until this has officially happened, the UK Government has planned out contingencies for both deal and no deal scenarios. It is therefore imperative that businesses should get ready for the possibility of a no deal.

Here are the three important actions business owners need to take now:

  1. Register for a UK Economic Operator Registration and Identification number at gov.uk/hmrc/get-eori. Business owners will need an EORI number:
    1. To continue to import and/or export goods with the European Union after the 29th March 2019, if the United Kingdom leaves without a deal.
    2. Before they can apply for authorisations that will make the customs process easier for the company.
  1. Decide if you want to hire an agent to make import and/or export declarations on your behalf or if you want to make these declarations personally, by purchasing software that interacts with HMRC’s systems. This is so business owners can:
    1. Declare through an agent and establish contact with one to find out what information they’ll need from you.
    2. Use the software to make declarations personally and talk to a software provider to ensure that their product meets your needs, depending on your choice to import and/or export.
  1. Contact the organisation that currently transports your company’s goods e.g. a haulage firm, to find out if your company will need to supply additional information, so that they can make the safety and security declarations for your goods, or whether you’ll need to submit these declarations personally.

To find out more information around these important changes and to stay up-to-date with the HMRC’s European Union Exit news, please visit www.gov.uk/hmrc/declare-goods