UK-EU Separation – Impact on Imports
With a new border operating model and phased import process for imports from the EU from 1st January 2021, do you understand the implications for your business?
Are you currently buying goods/components from overseas markets? Are these EU or third country transactions? Do you understand the difference?
At the end of the transition period with Europe in December all goods purchased from Europe will have to go through a customs clearance process – under the new border operating model. Companies who currently only trade with Europe may not be familiar with customs procedures and how this may potentially have implications on cost, process, and resource. More experienced importers may need to be reviewing their existing processes and whether they should be considering special customs procedures and authorisations.
This webinar will review the steps in the import process, and the phased import procedures that will be effective between January and July 2021. It will highlight the key areas that businesses should be considering as they prepare for the UK’s new relationship with Europe.
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