Do you import? You need to be prepared for a no deal Brexit

If you import from the EU, you should start preparing now in case the UK leaves the EU without a deal on the 29th March 2019. You may have received a letter from HMRC about this.
HMRC has put in place transitional simplified procedures to make it easier for you to import goods. The TSP registration opens on 7th February 2019.

These transitional simplified procedures reduce the amount of information you need to give in an import declaration when the goods are crossing the border.

In order to register for transitional simplified procedures you must:
– Have an EORI number
– Be established in the UK
– Be importing goods from the EU into the UK – Including goods travelling via the EU from the rest of the world providing they have cleared EU customs formalities.

You can obtain an EORI number by visiting https://www.gov.uk/eori . This number is crucial in the event of a no deal Brexit. This number is currently essential for any business which trades outside of the EU.

These transitional simplified procedures will be initially be in place for 1 year to give businesses time to prepare to use the full customs processes that already apply to imports from non-EU countries.

If the import is for controlled goods and tariffs apply, when you use transitional simplified procedures, you will be able to defer paying import duties by setting up a direct debit.
Whilst we are not able to predict the outcome of the Brexit negotiations, it is our suggestion that any business which imports from the EU should register for the transitional simplified procedures when it becomes available.