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.
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.
The Government has announced the UK’s new Customs tariffs. The UK Global Tariff (UKGT) will replace the current EUs’ Common External Tariff (EU CET).