As we head closer to the 31 October, there is still no clear agreement on what direction Brexit might take. As a responsible customs broker we have a duty to prepare for all possible outcomes. This includes the scenario that no agreement is reached.
Because of this, we are encouraging companies to look at all the potential options. This will help them mitigate any risks so they can prepare their business for all Brexit scenarios. For example, if we leave the EU without an agreement all UK businesses will have to apply customs, excise VAT and procedures to goods traded with the EU. 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
Depending on your business, you may also need to register for a European EORI number. Your application will depend on your circumstances and can easily be applied for online at www.gov.uk/eori. This will normally be received in 3 working days.
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, so please contact us on Imports.Team@porticoshipping.com or 023 9289 0503 and our team will be happy to help.