Has Brexit got you stumped?
With the 31st October deadline drawing ever closer, and news of the new Withdrawal Agreement dominating the headlines, you will need to know what this means for you and your business.
The UK's future relationship with the EU has been a hot topic for debate for some time, which can make it difficult to decipher exactly what is included in the agreement.
You can find out more information on the withdrawal agreement and political declaration, as well as a timeline of past and future milestones in the current EU exit journey for our country.
This guide includes:
- What is a Withdrawal Agreement?
- Existing and future rights
- The implementation period
- The Northern Ireland Protocol
- Economic Partnerships
- Next steps
You can read the guide here.
For more information on Brexit, visit our Brexit page.
HM Revenue and Customs guidance
HM Revenue & Customs have updated the guidance on how VAT rules for UK businesses trading with EU countries would be affected if the UK leaves the EU without a deal, including detailed instructions on completing the European community sales list. For more information, click here.
Baggage and small vehicles
HM Revenue & Customs have updated their guidance regarding bringing goods intended for business into or taking goods out of the UK in baggage or a small motor vehicle. This new guidance states that you must declare any goods and pay import duty and VAT for any products intending to be used for business purposes. For more information, click here.
EORI Numbers for Traders
As many traders as possible will be automatically allocated an EORI number to enable them to trade smoothly once the UK leaves the EU on 31 October.
Every business will need an EORI number to move goods into or out of the EU after Brexit. HMRC is sending letters to all possible VAT-registered businesses over the next two weeks to advise them of their assigned UK EORI number.
If your business is not VAT-registered, you still need to register for an EORI number. Getting an EORI number is an easy process that takes 5-10 minutes. Get started here.
Department for Environment, Food and Rural Affairs
The Department for Environment, Food & Rural Affairs has updated guidance regarding preparing food and drink businesses for a no-deal Brexit, including import tariffs, food labelling regulations and notifying UK authorities on high risk products such as plants and animals. For more information, please click here.