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GOING GLOBAL


The Chamber’s INTERNATIONAL TRADE TEAM can help you navigate your way through all of the regulatory procedures and documents that you’ll need for successful international trading


GOING GLOBAL AN UPDATE ON BORDER CONTROLS


As the UK enters the final six months before leaving the EU and a change to trading arrangements comes into force, here the Chamber’s International Trade department provides an update on Border Controls from 1/1/2021.


• Introduction of full border controls for EU imports from 1/1/21


• Delay of Duty and Vat payments for imports for up to 6 months


• Safety & Security on imports will be waived for first 6 months


• Full customs controls from 1/7/21


• Exception is for controlled goods that will have full controls from 1/1/21


• Build new Government infrastructure at ports and inland


• New arrangements only apply to imports from the EU.


WHAT DOES THIS MEAN FOR TRADERS? The current arrangements relating to goods being imported from or exported to the rest of the world (ROW) will apply as they do today, with a few exceptions. For goods being exported to the EU after 31/12/20, a full export declaration will need to be made just as they


are now for goods being exported to the ROW. The most significant change relates to the imposition of full controls on goods being imported from the EU after 31/12/20. That means that unlike today, when we continue to be part of the customs union, goods arriving from the EU will need to be declared at import and duty and VAT dues on the goods will need to be accounted for and paid.


From 1/1/21, traders will either: 1. Make a full customs declaration for all of imports regardless of country of export, paying any duty due. Postponed VAT Accounting (PVA) will be available for VTA registered


companies from 1/1/21, so any VAT will become due for payment on the next VAT return.


Or; 2. Make a full customs declaration for all of imports from the ROW, and then separately maintain a record of all imports from the EU for a period of up to 6 months, after which they can declare the imports to HMRC in a summary import declaration and pay any duty and VAT due at that time.


As always, the International Trade team at the Chamber can be contacted to discuss anything that may affect your business on 01604 490 490.


AUGUST/SEPTEMBER 2020 inbusiness 13


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