The United Kingdom notified the Council of the European Union of its decision to withdraw from the European Union on 29 March 2017. Pursuant to Article 50 of the Treaty on European Union, the United Kingdom shall cease to be a member two years after its notification.
Be prepared for the new business conditions that BREXIT brings
The transitional period ends on 31 December 2020, and the United Kingdom will become a "third country" on 1 January 2021.
Goods to be exported from the European Union to the United Kingdom and goods to be imported into the European Union from the United Kingdom will be subject to customs treatment:
- Subject of customs control,
- Subject to customs duties on imports.
European Union economic operators must pay attention to the following:
Import of goods
Goods arriving in the European Union from the United Kingdom will be subject to import clearance, customs duties and VAT will be charged.
Export of goods
Goods shipped to the United Kingdom will be subject to export clearance and will be exempt from VAT.
Restrictions
In the case of bans and restrictions on goods traded with the United Kingdom, permits will need to be obtained. All permits for goods subject to bans and restrictions issued previously in the United Kingdom will not be valid for use in the European Union any more.
Origin of goods
From the date of withdrawal, free trade agreements and autonomous measures will no longer be in force for the United Kingdom. Goods originating in the United Kingdom will be considered as non-originating, cumulation with these goods will not be possible.
Excise goods
Excise goods moving between the customs territory of the United Kingdom and the European Union will no longer be considered as a movement between Member States with a suspension of excise duty (EMCS system), but will be subject to customs formalities. Excise goods to be exported from the United Kingdom will be subject to an excise duty on importation. For excise goods to be exported to the United Kingdom, controls will take place from the excise warehouse of departure to the office of exit from the European Union.
In the company RCM d.o.o. we provide you with up-to-date information so that you and your business partners in the UK will have professional support in preparing for a new reality in international trade.
We are ready for BREXIT, what about you?
For more information, contact us at [email protected]
The RCM team is at your disposal!
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