BREXIT UPDATE – 29th January

By Editor, NNR Global In Global News On 30th January 2020

The UK is leaving the EU on 31 January 2020: what it means for your business

We are writing to you because you’re a VAT registered business and have told us that you trade
between the UK and the EU. NNR has written to all our customers previously about how to prepare
your business for customs and border arrangements when we leave the EU. We would like to tell you
about what will happen next.

What will happen after 31 January 2020?

From 1 February the UK will no longer be a member of the EU, and the UK will enter an implementation
period that lasts until 31 December 2020. During this time there will be no changes to the terms for
trading with the EU or the rest of the world unless the rules change for the whole of the EU. This
means EU rules for customs, VAT, and excise will continue to apply to the movement of goods and
trade for this limited time. There will be no new customs procedures at present.

What will happen after 31 December 2020?

From 1 January 2021, the way you trade with the EU will change, and you’ll need to prepare for life
outside the EU, including new customs arrangements. For example, for trade between Great Britain
(GB) and the EU, you will need to make customs declarations to import and export goods once the
UK is outside of the EU’s customs territory.
We’ll provide more information and guidance during the implementation period, and as the
negotiations progress.

What you need to do now

• Keep up to date
  Follow NNR on LinkedIn. www.linkedin.com/company/nnr-global-logistics
  Aligned to our environmental policy, we’ll use social media and email to share information with you rather than sending a letter.
• Make sure you have your Economic Operator Registration and Identification (EORI) number
  You’ll need a UK EORI number that starts with the letters ‘GB’ to be able to submit customs
  declarations to move goods between GB and the EU after the implementation period ends.
  If you already have a UK EORI number starting with ‘GB’, keep it safe as you will need it when the
  implementation period ends.
  If you do not have a UK EORI number starting with ‘GB’ you should register for one at
  www.gov.uk/eori. It’s quick and easy to register.

Decide how to make customs declarations

You’ll need to make customs declarations to import and export goods between GB and EU countries
once we are outside of the EU’s customs territory.
If you’ve only ever traded with the EU, or if you already trade with non-EU countries but need to
expand or change your processes to cover your GB-EU imports and exports, you should start to
prepare now to make customs declarations.
In addition to import and export, NNR is also an expert in managing cross-trade transactions. Please
discuss this with us if you are concerned with your trade with third countries vs EU.

Further service updates

Registration and use of Transitional Simplified Procedures (TSP) for imports from the EU is currently
suspended. You will not need to use TSP between February and December 2020. If you applied for
this service, please keep your paperwork safe. In addition, postponed VAT Accounting is currently not
available during the implementation period.
We appreciate you may have more questions regarding what you need to do next. NNR will provide
more information as soon as we can about the future processes for importing and exporting and
what you’ll need to do.

Contact us

NNR Global Logistics has been helping customers for many years and have the expertise and
knowledge to guide you through the changing processes. We are always happy to sit down and talk
with you about your requirements and our solutions. Please get in touch with us for a free initial
consultation. You can contact us by telephone on 020 831 0500 or by email at Brexit@nnruk.com