With the Covid 19 crisis and subsequent lockdown occupying all the headlines and, to be honest, most people’s headspace, it’s easy to forget that we’re nearly two months into the Brexit transition period.
Despite the disruption and uncertainty caused by the virus, including many high profile names becoming ill with the disease, the UK government have insisted a deal can be done in time for 31st December.
So in this article we look beyond Coronavirus and bring the conversation back to Brexit, and in particular, how things currently stand for UK-Scandinavian trade when the Transition Period ends.
Brexit: three years in the making, and finally the wheels are grinding towards a formal decision on the nature of the UK’s potential trading relationship with the European Union, or at least they were until a few short weeks ago.
For businesses on either side of the North Sea who have enjoyed decades of frictionless trade, the future represents a golden opportunity to expand their horizons, while strengthening their established trading relationships.
However, until all agreements between the UK and EU are signed off, a degree of uncertainty will naturally linger.
Where We Are Now
On 31st January 2020, the UK formally left the European Union, ending 47 years of membership. The chances are that you’ve probably noticed very little difference so far (again, excluding now being in a nationwide lockdown!), as existing customs and excise regulations, and tax and tariff rules remain unchanged. For now, it’s business as usual.
Under present plans, the transition period is due to end on 31st December 2020; however, the evolving situation regarding Covid-19, which is hampering many aspects of life across the continent, including post-Brexit trade negotiations in Brussels, may impose necessary changes to this deadline.
We’ll have to wait and see. Either way, eventually the transition period will come to an end and, understandably, UK export businesses are concerned about how smoothly goods will move across the continent.
While the Government has yet to agree precise terms for the UK’s relationship with EU states in the future, several key aspects of post-Brexit trade have been signalled:
- Checks on goods by officials will take place on all goods imports into the UK;
- Goods being exported into the EU from the UK will also be subject to customs checks;
- Imported and exported goods will be treated equally, with businesses required to complete and submit customs declarations, and potential delays likely to occur at borders to allow checks to take place.
Forging Your Future
There may be changes to the way in which goods move between the UK and Scandinavia in the post-Brexit world, but at NTEX we’re committed to preserving frictionless trade for all of our customers, on whichever side of the North Sea they are based.
Our comprehensive investment in upgrading our IT systems, customs protocols and professional development puts us at the forefront of UK-Scandinavian freight handling and shipping once the transition period has ended, to ensure a consistent and reliable service with minimal delays.
Economic Registration And Identification
Make sure that your business takes advantage of the customs support funding available from HMRC (ensure you apply by 31st January 2021), and mitigate any potential problems by organising your Economic Registration and Identification (EORI) number, which you’ll need to be able to ship goods between the UK and Scandinavia.
An End-To-End Shipping Service From NTEX
As part of our service to you, NTEX can process all necessary paperwork to fulfil your customs obligations, eliminating the stress and reducing the chance of costly hold-ups at borders.
For more information about our services, please get in touch today.
COVID 19 UPDATE: We are currently operating a normal service for both scheduled and express shipments. To discuss your requirements, please call 01469 571 440.
Image source: Pixabay