JERROMS ACCOUNTANTS & BUSINESS ADVISERS
Brexit update
The UK has successfully negotiated a deal, but our relationship with the EU has now changed (including any trade arrangements involving Northern Ireland).
We have put together a series of articles below to help you - if you have any queries, please do not hesitate to get in touch with us.
We would also encourage you to visit gov.uk (click here to be redirected) and use their Brexit checker to get a personalised list of actions that you will need to take to make sure you are prepared for these new changes.
Updates
Data sharing with the EEA
Now that we have left the EU, 'data sharing' with the EEA is a key area to consider. How your business is affected depends on several factors, including the nature of your business and where your customers are located.
Webinar: Exiting the EU - how will it impact your business?
To help you prepare for 1 January 2021, we hosted a webinar to help you understand how to account for the changes affecting taxes such as import VAT and duty.
Travelling to the EU
Travel to the EU, Switzerland, Norway, Iceland or Liechtenstein will change from 1 January 2021. European trips will need more planning and the Government has outlined things you may need to do before travelling.
Preparing for Customs Declarations
Following the UK's exit from the EU, importers and exporters are now required to complete customs declarations. This article provides an overview about what you will need to do this.
Government grant for customs training funding
HMRC has extended the deadline for customs training funding, helping business upskill staff in making customs declarations. Applications are open until 30 June 2021 (or until all funding is allocated).
Moving goods between Great Britain and Northern Ireland
If you move goods between Great Britain and Northern Ireland, the Trader Support Service will guide you through any changes as a result of the Northern Ireland Protocol.
UK Tariffs from 1 January 2021
From 1 January 2021, the UK will apply a UK-specific tariff to imported goods. This UK Global Tariff (UKGT) will replace the EU's Common External Tariff, which applies until 31 December 2020.
The Border with the European Union
The Government produced guidance in July 2020 outlining the implementation of Border Controls in three stages for importing and exporting goods between Great Britain and the EU from 1 January 2021.
