How to keep your trade up to speed in a no deal EU exit?

The Government’s top priority is to leave the EU with a deal. But, as a matter of responsibility, the Government has also accelerated “no deal” preparations to make sure the country is on guard for every eventuality.

If the UK leaves the EU without an agreement, the businesses in the UK will have to apply excise, customs and VAT procedures to goods traded with the EU. Likewise, trading partners in the EU will also have to apply excise, customs and VAT procedures to the goods received from the UK.

To make it even easier, HMRC released informative videos on import/export in 10 steps. These videos help businesses and citizens stay prepared for a no deal EU exit. Let us take a look at the videos.

No deal EU exit – Importing goods to the UK from the EU in 10 steps:

The first video from HMRC holds information on importing goods to the UK from the EU in case of a no deal EU exit. This video is useful for importers as it delivers important details starting from EORI number.

No deal EU exit – Exporting goods from the UK to the EU in 10 steps:

The second video is for exporters in case of a no deal EU exit. It provides complete guidance starting from market research to keeping records of all the transactions.

As renowned company formation agents in the UK, we keep ourselves updated with the current legislation in order to assist our clients in the best way. Please feel free to call us for any queries on setting up a business in the UK.

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