Customs Union and Single Market Explained
With the EU agreeing Theresa May’s Brexit deal and Cabinet members and MPs rebelling against the ‘soft’ withdrawal agreement. The words ‘single customs union’ and ‘single market’ have come into the conversation again.
Below we explain the differences between the two:
The UK exports 45% of its goods to the EU, and withdrawing could cause the UK to face tariffs or restrictions when it trades with the EU member states.
Within the market, goods, services and people are allowed to move freely from country to country.
Single market rules state that people from EU member countries can move freely between each member state.
Ensure compliance, resolve difficulties, manage efficiencies and reduce duty.
CFSP Bureau Services
Customs Freight Simplified Procedures, a simplified electronic paperless gateway.
Specialist Customs Regimes
Compliance and assistance for the many specialist Customs regimes.
A government minister has recently recognised that a customs union with the EU is the most likely outcome of talks between Theresa May and Jeremy Corbyn.The solicitor general Robert Buckland, risked causing further tensions in the Conservative Party, by insisting his...
HMRC have now announced further details of the simplified customs procedures that will be effective should the UK leave the EU without a deal.The Transitional Simplified Procedures (TSP), which were originally announced early in February, should make the customs...
Despite yesterday’s news that Prime Minister May has agreed two options to extend the Brexit deadline, the Port of Rotterdam is still preparing for the UK to leave on March 29th.Mark Dijk, the manager of Europe’s largest port, reportedly told BBC news that while he...