Third Brexit Customs Model Devised
After two previous proposals have divided opinion, a new plan for post-Brexit customs has been drawn up to present to ministers Friday, according to the BBC news website.
The plan is reported to be a ‘significant step forward’ and will offer ‘the best of both worlds’ as both an independent trade, and a friction-free trade, policy.
Details of how it will work have not yet been made public, but Friday’s Chequers summit will be followed by a White Paper, which will then be put to the EU.
The UK is due to leave the EU on 29 March 2019, although the future relationship between the UK and the EU remains far from finalised.
Terry Clear – Customs Insights Managing Director – commented “We have appeared to be heading towards an exit from the Customs Union, so it will be interesting to see how this will look. Its pretty difficult to imagine a plan that will cover both eventualities, while also being acceptable to the EU”.
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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).