Brexit – what can you do to prepare?

Sep 23, 2019

Despite the lack of a functioning Parliament in the UK, HMRC continues to issue guidance on matters relating to Brexit aimed at helping business and individuals prepare for 31 October. We strongly recommend that our readers sign up sign up to receive these updates, if they haven’t already done so. 

An  Agent Update Brexit Special has also been published by HMRC which features: 

  • Brexit communications resources 
  • grants for businesses completing customs declarations 
  • HMRC Brexit webinars 
  • changes for UK employers sending workers to the EU, the EEA or Switzerland 
  • Transitional Simplified Procedures 
  • merchandise in baggage
  • claims for VAT on business expenses after Brexit. 

The government has said that the UK will be leaving the EU on 31 October whatever the circumstances. 

When the UK leaves, there will be immediate changes to the way UK businesses trade with the EU that may impact on you and your clients. HMRC are holding a number of Getting ready for Brexit webinars in the coming weeks - choose a date and time that suits you. More dates will be added. 

Each live webinar provides an overview for UK businesses involved in the movement of goods between the EU and the UK. Find out what you need to know to keep importing and exporting, including: 

  • why it’s important to apply for an Economic Operator Registration and Identification number (EORI) if HMRC haven’t automatically allocated one to your business; 
  • what Transitional Simplified Procedures are; 
  • how to prepare to make customs declarations; 
  • what Entry Summary Declarations are; and 
  • how to pay the correct Customs Duty and VAT. 

You’ll have the opportunity to ask questions during the webinar using the on-screen text box. HMRC stresses that they may not be able to answer all questions raised during the webinar. HMRC will provide useful links to regularly updated information at the end of the webinar. 

 Some recent Brexit updates received from HMRC are set out below: