The UK government today warns companies to prepare for customs declarations and possible calculation of import tariffs from the EU. They will appear at the end of the Brexit transition period – January 1, 2021 – when the UK leaves the EU Customs Union.
To complete tariff declarations and calculations, you must be able to identify the commodity codes and calculate tariffs based on the UK Global Tariff.
The government wrote today to companies registered in the UK as VAT payer warning them that:
The import and export process and declaration for the carriage of goods between the UK and the EU
You have the option of postponing import declarations for up to 6 months or you will have to start submitting full import declarations from January 1, 2021
Consider designating a customs broker to complete these declarations due to the complexity and need to be certified by UK Customs IT (CDS and CHIEFS)
You can apply for a Deferred Customs Tax and VAT account; or use a customs broker
You will need to provide the customs broker with the following information:
how often you import and / or export
the type of goods you are importing, including sufficient information to select the correct commodity code
quantity of goods
customs value – the price on the invoice for the goods plus any additional customs fees that should be taken into account when calculating the duty due
where are the goods going