19.4.2021 | Industry matters"Don't put off until tomorrow what you can do today"
Miles Vartan, director of compliance specialists VARTAN Consultancy offers his thoughts on life now we’re out of Europe.
Traders need to get used to how to trade with the EU now rather than the Government repeatedly pushing back deadlines.
To ease the introduction of customs formalities and allow traders to manage their businesses through the pandemic, the UK government decided to phase in customs requirements for GB imports from the EU between January and July 2021. In March 2021, it announced it was further delaying the introduction of full import checks, on average by six months. It was stated that this delay was brought about by businesses having to face dealing with coronavirus and Brexit simultaneously and because the UK government still has work to do to enable traders to be ready.
On the 1st of January 2022, all imports into the UK will need to have a frontier declaration submitted prior to the consignment leaving the EU. This is the day that the number of customs clearance entries will increase by at least 360% – you have a choice; find a Customs Agent or learn how to do this work yourself; otherwise, plan for delays at the Border whilst you wait for your consignments to be cleared.
Delays continue to be experienced on exports to the EU with traders and customers. Both who had previously become used to relatively easy next-day delivery are now often having to wait two weeks for a delivery to be made successfully and work out what duty and VAT will be paid.
“Don’t put off until tomorrow what you can do today.” ~ Benjamin Franklin, Founding Father of the United States of America.
Find out how VARTAN can help your business navigate the fall out from Brexit.