What You Need To Know About Importing Post-Brexit
In a bid to ensure our Members are as prepared as possible for the possibility of the UK leaving the European Union without a deal, we outline the series of actions that companies should be taking now to minimise disruption to trade.
These actions are recommended by various leading organisations, including the UKFT (from an event in September 2019), Fashion Roundtable, Craft Council and Make It British, but, are in effect only in the case of a "no-deal Brexit". As the UK ends its implementation period on 31st December 2020, there may be additional changes. However, keeping tabs on what this complex terminology and guidelines mean in the first instance, will benefit you in the long run.
In part one, we look at the importing of goods out of the UK and EU. [Head to part one to understand more on exporting].
Main image from Chuttersnap on Unsplash.
In this article, you'll be informed of the latest developments regarding:
- Common Transit Convention
- VAT (for importing or exporting)
- Transitional Simplified Procedures (TSP)
- Generalised System of Preferences (GSP)
- REACH regulations
- Data use
- People & Workers’ Rights
- Intellectual Property, Copyright and Trademarks
- VAT for online marketplaces, and business-to-consumer
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