Brexit will be phased-in in three stages up to the summer of 2021, regardless of whether a deal is done with the EU or not.
- From 1 January, there will be checks on controlled substances, such as alcohol and tobacco, while standard goods, such as clothes and electronics, will be subject to basic customs procedures. But firms will have up to six months to complete customs declarations and pay relevant tariffs
- From 1 April, those companies exporting products of animal origin, will have to pre-notify officials and provide the relevant health paperwork
- By 1 July, all goods exported to UK will be liable for relevant tariffs and customs declarations as well as full “safety and security” declarations. From this moment, there will also be an increase in physical checks at ports and other entry points
If you want to secure your UK business and ensure deliveries to your British customers on competitive terms with no delay, then you must take necessary measures now. Deadline for Brexit is 1st January 2021. TIMEVAT have experts in UK tax and VAT laws. Please contact us for advice and assistance
