Businesses Fail To Plan For Brexit
According to government research, four in ten small and medium-sized businesses that trade internationally have no intention of making contingency plans for a no-deal Brexit.
HM Revenue & Customs recently published a survey that suggested about 40% of the companies the taxman would like to see preparing for the possibility of new customs processes at ports, currently have no plans to take any action.
It has been suggested that companies were unlikely to make attempts to be ready for an exit from the EU without a deal, due to the continued uncertainty over whether it is a good use of their time and money.
It is estimated that 240,000 companies would need a EORI number, however by last week, HMRC had received fewer than 47,000 applications.
If you do not currently have an EORI number then we suggest contacting us immediately, to discuss our EORI application service.
Customs Insights provide a range of customs related solutions including customs clearance, consultancy, Brexit planning and both AEO application and management. To talk to one of our customs specialists about planning for Brexit, then please email email@example.com or call 01304 211652.
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In 2021, HMRC announced after nearly 30 years, the closure of its Customs Handling of Import and Export Freight (CHIEF) system by 31st March 2023, as it was felt that the system was no longer fit for purpose.
Following our news item earlier this week regarding GVMS, we are now making customers aware of another piece of Customs legislation that is about to change. From 1st January 2022, certain exporters from the EU will need to be REX registered.
The Goods Vehicle Movement Service (GVMS) – a new UK Government Customs system – will come into force next year, affecting imports from the EU. This will bring to an end the easements that were put in place during the Brexit transition period.