Over 145,000 business around the UK, that trade with the EU, are receiving letters today from HMRC detailing the actions they need to take to be ready for no-deal Brexit on 29th March 2019.
The biggest announcement is the introduction of new Transitional Simplified Procedures (TSP), to make importing through the Channel Tunnel and roll-on roll-off locations, like Dover-Calais, easier for a period after the UK leaves the EU, should there be no deal.
TSP is an entirely untried solution and the government has said it would review the policy three to six months after implementation and businesses would be given 12-months notice should the government decide to withdraw from the TSP.
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Once you obtain your EORI number and register for TSP, you’ll be able to transport your goods into the UK without having to make a full customs declaration at the border, and you will be able to postpone paying your import duties. Changes to VAT accounting mean that you will be able to pay import VAT in your next VAT return rather than when your goods arrive at the border.
If you’re exporting, you’ll need to register for the National Export System. See the proposed import and export flow diagrams below.
This new policy announcement will help keep some traffic moving across the Channel, but only moving in one direction. It’s still not known what will happen for goods traveling from the UK to the EU in the case of a no-deal break.
Speaking at last week’s ‘Knowing Brexit’ seminar, Robert Hardy suggested that.
“The French will be legally bound to process every vehicle arriving, unless an alternative agreement is reached. It is the EU that will determine whether or not Kent become a lorry-park.”