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As we leave the European Union with the future trading relationship still to be shaped, we have a duty to help businesses prepare for all possible outcomes. Because of this, we are asking: “is your business prepared for Brexit?”

This will help you mitigate any risks so you can prepare their business for all Brexit scenarios. Remember, from 2021 it is possible that all UK businesses will have to apply customs, excise VAT and procedures to goods traded with the EU, even if a trade deal is reached. Our handy guide below will help you prepare for any outcome.

What can I do to help prepare my business for Brexit?

Find out the commodity code for your goods

All imports or exports (including goods sent to the UK from abroad) must be declared to HMRC using a commodity code. You’re legally responsible for the correct tariff classification of your goods, so it is important you classify all imports and exports using the correct commodity code.

This is to make sure you pay the right VAT, duty, excise or levies due under UK law. Use the Trade Tariff tool to find your codes:  www.gov.uk/trade-tariff.

Register for a UK EORI (Economic Operator Registration Identification) number

You’ll need an EORI number that starts with GB to move goods in or out of the UK, depending on the outcome of trade negotiations.

If you already have an EORI number that starts with GB, you can continue to use it. It will be 12 digits long. If you’re registered for VAT, it will include your VAT registration number.

If you want to trade with an EU country you’ll also need an EU EORI number. It will start with the country code of the EU country you got it from. You should get one from the customs authorities in the EU country you’ll trade with first.

HMRC has now begun automatically issuing businesses identification numbers for its customs system to allow them to continuing trading with the EU. Find out more online at www.gov.uk/eori.

Find out how you’ll claim VAT refunds

You may not be able to use HMRC’s VAT online services to claim a VAT refund from an EU member state depending on the outcome of trade negotiations. You’ll still be able to view your previous claims.

Each EU member state has its own process for refunding VAT to businesses based outside the EU. You’ll need to use the process for the EU member state where you’re claiming a refund, even for unclaimed expenses you had before Brexit.

Find out what the process is for each country on the European Commission website.

Make contact with a customs agency

Portico are an experienced customs broker, with all the necessary systems in place to make customs declarations.  We are here to help with the very significant challenges that lie ahead and ensure your business is prepared, so please contact us on Imports@porticoshipping.com or 023 9289 0503 and our team will be happy to help.