The UK will leave the EU Customs Union and Single Market on March 29, 2019. This means that the UK will become a ‘third country’ resulting in any movement to / from the UK becoming subject to export / import considerations and declarations.

The European Commission and the UK are still negotiating over the terms that the UK will leave the EU. The aim of the European Commission and the UK is to establish a (new) trade relationship.  However, agreeing and implementing such trade relationship could take longer than the envisaged Brexit date. If there is no ratified Withdrawal Agreement in place by March 29, 2019, the UK will leave the EU with no deal and consequently there will be no transition period to prepare businesses for the export / import compliance regulations that will become part of any trade movements into and out of the UK.

Brexit consequences

Post-Brexit, all UK-EU traders will have to comply with customs obligations that they do not have to comply with today. The challenges that are associated with dealing with new customs procedures including customs inspections and declarations, are anticipated to negatively impact the time it takes to release goods from port to subsequent free circulation or other customs procedures.

What we offer

Customs & Trade Consultancy offers the following services related to Brexit and Brexit mitigations:

  • Understanding Brexit and Brexit impact assessment specific to your company, including:
    • Customs duty impact
    • Import VAT and cash-flow impact
    • Clearance costs
    • Supply chain impact
    • Processes and controls
  • Outline customs import requirements for your company, including:
    • Type of required records/documentation, record keeping obligations and reporting responsibilities
    • Identify gaps and improvement areas within your company’s supply chain
    • Outline customs import requirements on a practical level specially focussed using your company’s processes
  • Advice on Brexit mitigations strategies including:
    • Authorised Economic Operator (AEO)
    • Customs Freight Simplified Procedure (CSFP) and
    • Transitional Simplified Procedure (TSP).
  • Outline special customs procedures such as customs warehousing and inward processing relief
  1. Brexit impact

Our Brexit modelling tool uses your company’s date to report customs impact against several Brexit scenarios. It will show what you are paying in customs duties now and assess the impact on duties once Brexit has occurred.

We will discuss the outputs with you in order to start planning the appropriate mitigation strategy for your company.  

Contact us today to arrange a discussion on how Brexit impacts your company.

  • Authorised Economic Operator (AEO)

The AEO programme aims to enhance international supply chain security and to facilitate legitimate trade. It covers economic operators authorised for customs simplification (AEOC), security and safety (AEOS) or a combination of the two. AEO-S certification is internationally recognised and accepted as establishing secure and safe trade lanes. It will also reduce the risk profile of movements and lead to fewer physical and document based controls at border. AEO-C certification on the other hand focusses on easier access to customs simplifications, few controls for customs (duty calculation) purposes as well as reduction of guarantees.

 Customs & Trade Consultancy provide AEO workshops to companies where we cover the basis of the AEO programme, eligibility criteria for AEO, benefits as well as requirements for your company, guidance on the application process for AEO and advice on how to manage AEO certification and AEO audits.

If you are interested in learning more about AEO, or if your company is considering AEO certification, please get in touch. The content of the workshops can be tailored to your company’s needs and audience.

  • Customs Freight Simplified Procedure (CSFP)

CSFP simplifies customs import procedures, allowing authorised traders to gain accelerated removal or release of imports by making a simplified declaration at the frontier allowing them to immediately physically move the imported goods to their designated premises.

Customs & Trade Consultancy advices on the Customs Freight Simplified Procedure (CSFP), including:

  • Guidance on and support with the application process for CFSP
    • Identifying gaps and improvement areas within your business related to CFSP requirements
    • Where required, support with drafting processes and controls
  • Support with implementation of Customs Freight Simplified Procedure, including:
    • Recording and reporting requirements
    • Engage with third party service providers (customs agents and/or software solution provider)
    • Articulate customs agent clearance instructions
    • If applicable, support with implementation of software solution for clearance (SD and FSD)
  • Transitional Simplified Procedure

HM Treasury have introduced – as mitigation for a no deal Brexit – an interim transitional arrangement for Customs Freight Simplified Procedure (CFSP), i.e. the Transitional Simplified Procedure (TSP).

Under the TSP, importers will be able to transport goods from the EU into the UK without having to make a full customs declaration at the moment that the goods arrive in the UK; effectively postponing submitting the customs declaration and payment of any import duties.

Customs & Trade Consultancy advices on the key requirements for TSP, including record keeping, and support with completing the registration process for the transitional simplified procedure.

If you would like to know more about CSFP or TSP, or other special customs procedures customs warehousing and inward processing relief, please get in touch through