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.
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).
After last week’s acceptance of Boris Johnson’s deal in parliament, the EU followed up by agreeing a further extension to Brexit until 31 January 2019. While the deal was approved in principle, all options remain firmly on the table as parliament can still fail to get...
EU leaders backed and agreed a third extension to Brexit on Friday, and today confirmed a new deadline date of 31st January 2020. This follows last week’s parliamentary votes to accept Boris Johnson’s deal but to refuse the short timescale. The deal is a modified...