Brexit Bulletin, 11 March 2019

Mar 11, 2019

A big week of votes is planned for the UK Parliament with the first vote due to take place on the withdrawal bill tomorrow. There is still no concrete sign from the UK or Brussels of any breakthrough on the backstop.  Brexit is now just 18 days away and the UK and Irish tax authorities are continuing their campaigns to get traders ready for a no-deal. The Institute has created a hub for members to read all published guidance from the UK, Irish and EU authorities to help prepare for the possibility of a no-deal Brexit.  

HMRC and Revenue continue efforts to get traders to prepare for a no-deal Brexit

HMRC has written again to 135,000 UK traders that currently trade outside of the EU outlining changes to customs procedures and VAT for UK-EU trade in the event of a no deal. The letter says that even though UK customs processes for trade with the rest of the world will not change, traders may need to adapt their systems and processes.  

HMRC has also written several times to the 145,000 VAT registered UK traders that currently only trade with the EU setting out actions they should take to prepare. The letters also outline the support that is available on gov.uk to help them prepare.

Readers are reminded of the EU Exit Partnership Pack that includes step by step guidance on key actions that need to be taken by UK importers and exporters to prepare for a no-deal Brexit.  

GOV.UK includes a dedicated ‘Prepare your business for the UK leaving the EU’ tool that ask businesses seven questions about the nature of the trade they carry out before presenting the relevant guidance to inform their preparations.

In Ireland, Revenue has the following advice for businesses that trade with the UK:

  • Apply for your customs (EORI) registration or get your agent to apply on your behalf.
  • Ensure you, or an agent on your behalf, have the facility to make a customs declaration.
  • Know the Commodity Code of your goods or products you will import or export.

No deal guidance

The Institute has created a dedicated hub on its Brexit webpage which collates guidance and information leaflets produced by the UK and Irish governments and the EU to help businesses and people prepare in the event of a no-deal Brexit.  The page will be updated as information is released by the authorities.  

You can also read the practical customs guide prepared by the Institute and ICAEW using this link.  

Read all our Brexit updates on our Brexit web centre.

British Library: Preparing for Brexit webinars

The British Library is hosting webinars as a part of a Preparing for Brexit series delivered by BEIS. This is designed to help businesses prepare in the event of leaving the EU on Friday 29 March 2019 without a deal. The topics cover: workforce and people, regulations and standards, digital and data, importing and exporting, business legal requirements and intellectual property.

Business Legal Requirements (including audit and accounting matters) – 12:00pm – 1:00pm on 19 March 2019

Regulations and Standards – 10am-11am on 12 March 2019

Digital and Data – 11am-12pm on 14 March 2019

Importing and Exporting – 1:00pm-2:00pm on 18 March 2019

Intellectual Property – 11:00pm-12:00pm on 20 March 2019