1. What are the key steps I should take as an importer to prepare for the end of the Transition Period?
Actions to take in preparation for the future: Register for a GB Economic Operator Registration and Identification (EORI) number. Get an UK EORI number. Decide if
3. Should our customers in the EU employ a customs agent for declaring their imports from us?
From 1 January 2021, if no future UK-EU trade deal is reached, whoever is legally responsible for importing your goods into the EU will need
Do I need to review my contracts with customers/suppliers?
Yes, in the event of no deal, processes at the border will change and new duties will be applied. You should consider commercial arrangements (Incoterms).
What are my data protection responsibilities (under the GDPR) with my European suppliers and customers from 1 January 2021?
In the vast majority of cases this is best done by putting in place a contract between you and the sender on EU approved terms
What are Rules of Origin?
Rules of Origin laws determine the “economic nationality” of traded goods and their components. Trade agreements can include preferential tariffs for goods of a certain
Why do Rules of Origin matter?
If the transition period closes without a future trade deal – unless it remains part of a Customs Union which includes agrifood products – exports