New year, new rules – trading with Europe in 202207/01/2022
A number of changes have come into effect that will impact British companies trading in Europe. Below, we’ve summarised what these changes mean for your business, if it wants to continue trading with the Continent in 2022:
New regulations to control goods between GB and EU
As of January 1, all border locations are required to control goods that move between Great Britain and the European Union. This means that any goods you plan to move between the two need to have valid declarations in place and have received customs clearance. Otherwise, they almost certainly won’t be going anywhere. Goods could also be moved to Inland Border Facilities for checks. To avoid any unpleasant surprises, you are best off checking with the courier or freight forwarder moving your goods to figure out who is making the required declarations and what information they need from you.
Rules of origin
In 2021, British exporters have been able to use tariff preference when transporting their goods to the EU then obtained supplier declarations at a later date. That is no longer possible, so businesses wishing to export from Britain to the EU must ensure that they have supplier declarations (where needed) in place by the time of export. If EU customs authorities request these declarations and they can’t be proved, then exporters can expect to pay the full (non-preferential) customs duty on their goods, and they may find themselves in receipt of a fine from HMRC too.
Abolishment of delayed customs declarations
From the beginning of this year, delayed import customs declarations have no longer been available. This means that most people will make declarations and pay tariffs at the point of import. As a result, you should make arrangements now about how you will submit declarations and pay duties.
Commodity codes have changed
Commodity codes are used to classify goods worldwide, and they are reviewed every five years. January 2022 marks their latest change, so it is imperative that you make sure you are up to date with the latest codes for your goods. You can do this through the Trade Tariff Tool.
If you are unsure about trading arrangements with the EU post Brexit, call JW Hinks on 0121 456 0190. Our experienced staff can ensure you understand all your obligations and continue to operate both profitably and legally.