HMRC advice - prepare for no deal

HMRC is urging business owners to make sure they are ready for a potential no deal Brexit.

Call 01707 244722 or email enquiries@click4accounts.com

HMRC is urging business owners to make sure they are ready for a potential no deal Brexit.

Business owners are being urged to prepare now and take steps to ensure their businesses can continue to trade with the EU if the UK leaves the EU without a deal.

HMRC advise:

  • Businesses should register for an Economic Operator and Registration Identification (EORI) number. UK businesses that have only ever traded inside the EU will not have an EORI number. HMRC are advising that in the event of a no deal exit, businesses will be unable to continue trading with the EU without an EORI number. HMRC figures show that only 17% of potentially affected businesses have registered so far.

  • Businesses also need to decide how they intend to make the required customs declarations. HMRC advise that most businesses with customs obligations choose to use a customs agent to do this for them.

  • Businesses that import goods into the UK from the EU using roll on, roll off locations, may also wish to register for new Transitional Simplified Procedures (TSP). HMRC advise that 'TSP will allow businesses to import without having to make a full customs declaration at the border, and postpone paying any import duties. For imports using other locations, and for exports, standard customs declarations will apply.'

Financial Secretary to the Treasury Mel Stride MP said:

'We want businesses to be able to continue trading with minimal disruption in any scenario but we also know that people tend to leave things until the last minute and we would urge against that.'

Contact us for help in this area.

Internet link: HMRC news

Home | Contact us | Site map | Accessibility | Disclaimer | Help |


About our team

"Sandra Jones FMAAT is passionate about helping small businesses succeed. She believes that by showing them how to really understand their financials, they can go on to grow and flourish."

Learn more

Contact Details

Please call: 01707 244722

Registered office
Click 4 Accounts Limited, 41 Poppyfields, Welwyn Garden City, Hertfordshire AL7 2HJ

© 2019 Click 4 Accounts Limited. All rights reserved. powered by totalSOLUTION
Click 4 Accounts Ltd is a limited company registered in England and Wales Company Registration No 08328752.

Sandra Jones is licensed and regulated by AAT under license number 8880. AAT is recognised by HM Treasury to supervise compliance with the Money Laundering Regulations and Click 4 Accounts Ltd is supervised by AAT in this respect. We use cookies on this website, you can find more information about cookies here.