Transolve offers you support in your preparation on a no deal Brexit. You will find practical tools, and advice about subjects such as but not limited to Customs, export, transportation and digital data.
GETTING ACQUAINTED WITH CUSTOMS FORMALITIES
• Apply for an EORI Number;
• Determine who will take care of customs clearance;
• Consider the use of a customs clearance agency;
• If registering on your own behalf, register with Customs system which allows export declarations to be made;
UNDERSTAND YOUR CUSTOMS CLEARANCE COSTS
Customs duties
• UK imports includes payment of duties according a new UK Trade Tariff;
• UK exports require customs duty at the rate under the EU Common Customs Tariff;
VAT
• Export is zero rated but prove of export is required;
• VAT will be payable on goods (as parcels) entering the UK;
• Postponed accounting for import VAT to be introduced;
REVIEW WHAT EXPORT DOCUMENTATION IS REQUIRED
• Commercial invoice is applicable;
• Certificate of origin and EUR.1;
• Product and packaging specifications;
REVIEW YOUR CURRENT CONTRACTS
• Possible clauses in general relation to the UK
• Disputes resolution concerning liability or responsibility
• Check penalties concerning:
o Late Deliveries (transit times will be longer)
o KPI performance implications
WORK CLOSELY TOGETHER WITH YOUR SUPPLY CHAIN PARTNERS
• Understand your flow of goods to/from the UK
• Identify any changes in Supply Chain hub locations
• Plan for delays and bottlenecks in production or transit time
• Consider alternative / backup options – both for carriers and transportation routes if possible
• Work with customers to align on inventory buffering