Take action now for new rules on 1 Jan 2021
The changes to customs and tax rules will affect everyone who trades with EU countries, no matter the type or value of the goods they buy or sell, how frequently they trade or how their goods are transported.
HMRC is encouraging customers to complete the new trader checklist, which can be found on GOV.UK. This simple guide will help them work through the necessary steps they must take to be ready for 1 January 2021 and identify aspects of their preparations which need urgent attention.
Businesses that are not confident of their readiness or yet to prepare for the new processes are warned not to move goods from 1 January, as doing so risks delays and added costs for them.
The key actions businesses must take to continue trading smoothly with EU countries next year include:
Regardless of whether we reach a trade agreement, from 1 January new rules will apply for any trade with Europe.
More support and advice is available at www.gov.uk/transition
To support business preparations the Department for Business, Energy and Industrial Strategy has been hosting free webinars to help you check the new rules and understand the actions to take. All previously recorded webinars are available on demand now.
For the latest transition information direct to your inbox, sign up to the Transition Readiness Business Bulletin here.
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