The UK-EU Trading Agreement agreed before the end of the Brexit transition guaranteed mutual recognition of goods and waived all import duties. The only day-to-day change is the requirement for importers to file some additional import paperwork, in line with what is already required for UK imports from non-EU countries.
There is no structural reason for shipments to take any longer than they did before the UK left the EU. While some businesses have faced delays in January and February 2021, these have mainly been due to customs officials on both sides getting used to the new system – as well as other complicating factors, such as the Pandemic. The best way to minimise the risk of your goods getting held up is to ensure your customs paperwork is completed and submitted correctly, and in advance. An experienced shipping agent, such as NTEX, can provide the admin support you need to avoid delays.
Getting EORI Authorisation From The EU And HMRC
If you're not already trading within the EU, you'll now need to apply to HMRC for a unique EORI (Economic Operator Registration and Identification) Number. You MUST have an EORI code to import and export physical goods. Services and digital products (e.g. software) are exempt.
Your EORI number needs to appear on every customs declaration you make. EORI feedback lets the UK government and the European Commission track and audit who's moving which goods where and for what purpose. EORI improves accountability while making sure traders are billed only for the customs duties they're applicable to pay.
You'll need to apply online here at GOV.UK to obtain an EORI code for your company. HMRC will usually approve your application within five days Have your company registration information, tax records, and VAT documentation ready.
Set Up A Customs Payment Deferment Accounts
Another way to simplify your customs transactions is to apply to HRMC for customs deferment. Deferment means that you can consolidate all of your outstanding customs payments and VAT import/export charges to a guaranteed account that's then charged after goods transfer.
You can arrange for tax and duty payments to sit for up to 30 days after clearing customs before a Direct Debit goes out. Deferring lets you free up cash flow and simplifies paying for duties on multiple routes, too.
You can apply to HRMC here to see if you're eligible for a DAN code and account authorisation. You'll need to guarantee a set amount of money that you expect to pay out per month. Most imports from the EU are exempt from customs charges, although some shipments originating outside the EU may be liable on arrival in the UK. Having an account in place saves time should fees apply or if rules change in the future.
NTEX provide a range of cost-effective shipping services between the UK and Norway, Denmark, Sweden, and Finland, ensuring your goods are compliant with import/export law. Get in touch today to find out more.
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