???


FOCUS FEATURE


The road towards Brexit may be uncertain, so make sure you have the necessary information


Also consider what your future staffing needs will be


over the next few years. If you have to employ people from outside of the UK, then understand what steps you may need to take.


CROSS BORDER TRADE There are three key areas which will affect any business which buys, or sells with the EU. These are: customs checks; trade tariffs and rules of origin on UK-EU trade. Customs checks may mean that all UK exporters to the


Customs checks may mean all UK traders will have to make a customs declaration


EU have to make a customs declaration, which may mirror the current arrangements of trading with countries outside of the EU. The issue here is also the resilience of your supply chain, as there maybe border delays. So ask yourself this: “Will I need to change my arrangements with my logistics provider and will I need to buy additional storage space or increase my inventory?” Tariffs may also be an extra cost, although all UK Chambers of Commerce are advocating for zero trade tariffs between the UK and EU. If there are tariffs you will need to know the International Classification codes for your products and which EU MFN (Most Favoured Nation) tariff is applicable to your products. Also ask yourself what the impact on tariffs would be on your costs. Rules of origin changes would mean that preferential trade terms are no longer available.


business network October 2018 57


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84