What is Brexit?
Brexit is used as a shorthand way of saying that the UK is leaving the EU.
What is the transition period?
It defines the period during which the EU and the UK will negotiate their future relations. It starts on the day the UK leaves the EU and ends on 31st December 2020 or the end of 2021 if there is a mutual agreement on a possible extension before June 30th, 2020. During this period, most of the current rules will remain in force.
What will change for customs once the UK becomes a third country (in case of No-Deal Brexit)?
With the restoration of borders, you will now need to comply with customs formalities for cross border trade.
How to process customs formalities?
You can make customs declarations on your own but without the correct knowledge of customs regulations you should nominate an experienced customs broker, such as GEFCO.
What is an EORI number?
Economic Operator Registration and Identification (EORI) is a unique European code given by customs administration to a company allowing it to make customs operations in the EU. Having one is compulsory before any customs clearance. As the UK leaves the European EORI system, all current GB EORI numbers will become unusable. If a company wants to make any customs operations within the UK, it will need a new GB EORI number.
After Brexit, what happens if I produce/purchase goods in/from the UK?
Your goods will no longer have an EU origin:
Will I need specific documents for importing into the UK or the EU?
With the restoration of borders, you will need all relevant documents such as commercial invoice, packing list, any import license orcertificate of origin and specific certificates such as phytosanitary or Health certificates, other documents may be necessary depending on the type of cargo.
Will I pay customs duties while importing?
In case of no deal, duties will have to be paid in the UK or in the EU. In the EU, basic WTO tariffs* will apply on UK products and in the UK, it will depend on HMRC (Her Majesty's Revenue and Customs) new tariffs.