Make the most of the Brexit implementation period


Now that the UK has left the EU, we have entered an implementation period that will last the rest of 2020, during which the UK’s future relationship with the EU will be agreed, giving businesses the chance to prepare for the UK’s new trading arrangements.

While much of the detail is still to be decided, we do know that businesses trading with the EU will need to do the following in the coming months:

  • Obtain an Economic Operator and Identification (EORI) number
  • Decide whether to make customs declarations yourself or using a customs agent.

HM Revenue & Customs (HMRC) recently issued a letter to some VAT-registered businesses that explains these processes in detail.

Read the letter here.

For more information on making the most of the Brexit implementation period, contact us today.

Get in touch

JW Hinks LLP
19 Highfield Road, Edgbaston,
Birmingham B15 3BH

Phone: +44 (0) 121 456 0190
Fax: +44 (0) 121 456 0191