On the end of the transition period and the UK leaving the Customs Union, there will be many things for importers to consider that they may not have had to take into account before.
UK businesses receiving goods from EU countries will be required to complete import declarations but conversely there will be the requirement for export declarations to be submitted for the export from the EU.
Businesses should consider their supply chain with their suppliers including who will be the importer of record and who will make these declarations, i.e. clearance agent, bureau, or the business itself?
If the business intends to complete the declarations itself there may be grant funding available for the training of staff and the upgrading of IT systems to enable a business to complete the required documentation.
If a business fails to complete the necessary declarations at the correct time and in the correct way there could be both financial and practical implications that would negatively affect business operations.
As such, advice should be sought at the earliest opportunity so businesses can ensure as smooth a transition as possible to minimise disruption and keep goods moving. Speak to one of our expert consultants to clarify your new responsibilities by calling our free helpline.
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