Deal or no deal, the BREXIT is set on March 29, 2019.
There is a real chance that the UK leaves the EU without a deal. At that moment, the UK won't be longer part of the Customs Union and the internal market.
Actually, nobody is able to assess the exact impact of the Brexit on customs activities (certificates, permits, import- and export duties, VAT-formalities, etc..). What we do know, is that the way we do business with the UK will be impacted:
- Goods transported from and to the UK will be subject to customs supervision and procedures. Border controls are surely possible
- For these goods declarations will need to be made. You might be required to provide guarantees to cover possible or existing custom duties
- In relation to VAT and exice duties, the trade between the UK and the EU will be treated as import and export
- VAT will be applicable at the moment the goods enter the European Union. Export will be exempted from VAT
- The electronic EMCS (Excise Movement and Control System) system, used for the trade in goods subject to excise between the UK and the EU, won't be used anymore
- PME's treating with the UK will be confronted (for the first time) with import and/or export formalities
Theo Machtelynck & fils' ambition is to guarantee a flawless service delivery as from day one, regardless the Brexit scenario. Two initiatives were taken to prepare as much as possible for a Brexit: inventorise the possible impact and the creation of a specific service as a support to our clients.
A good preparation is necessary, start with an inventory
It is of utmost importance that the 'custom'-related services continue to work uninterruptedly. Even though the exact impact and timing thereof is unknown, we have to prepare ourselves.
In a first step we want to understand the importance of the business your company is conducting with the UK. This should allow us to prepare internally (systems and competenties) and to provide you tailormade services/answers. If you're a client, you will be contacted to help you with this inventory.
If you're not a client, we ask you to contact us through the contact form. We will get in touch with you.
Additionally we decided to centralise all Brexit related questions of all clients, through our recently created competence centre. This centre should provide internal and external support/advise on custom related questions.
You can send your questions to Brexit@mawyc.be.
Don't wait to prepare yourself; make an inventory of your UK related business