As the political uncertainty around the form of the UK’s exit from the EU remains, HMRC are ramping up their preparations for a possible no deal exit. In a letter to affected businesses, HMRC have highlighted the impact of No Deal on import and export trade with the EU. The letter also sets out the Customs simplification measures available and announces a new simplification measure for EU imports via Roll On - Roll Off ports.

If you buy and sell goods from the EU it is vital that you understand the impact of No Deal on your business - these could include additional costs, new Customs procedures and transport delays. The measures publicised by HMRC this week could mitigate these impacts, but they all require action now. 

VAT changes to be aware of

If your business sells digital services to consumers in other EU countries, claims VAT incurred elsewhere in the EU or uses the EU “VIES” database, read our next Brexit blog now which details the changes that will affect you.

The HMRC publication provides considerably more detail. These are a complicated set of options, not all of which are available to or suitable for all businesses. Here at Johnston Carmichael we have a dedicated Customs and International Trade team who can help you find a way through the complexity and can offer practical advice on what you can and should do now. Get in touch with me, Nigel Roberts on: nigel.roberts@jcca.co.uk to find out more about how we could help.