Brexit is already here. See the impact on trade
The United Kingdom has chosen to leave the European Union and no longer be subject to its customs and tax rules. The agreement regulating the British withdrawal provides for a transitional period that runs from 1 February to 31 December 2020.
From 1 January 2021, the customs rules and formalities in force with third countries will apply in trade with the United Kingdom. New processes and controls will be needed for the movement of goods between the EU and the UK with the consequence that the free movement of goods will end.
But recognizing the impact of the coronavirus on businesses' ability to prepare for the new procedures, the UK government has decided to introduce the new border controls for imports in three stages gradually.
From 1 January 2021: UK companies will have to make customs declarations when importing goods from the EU. Imports of excise goods from the EU to Great Britain will be treated in the same as imports from the rest of the world.
From 1 April 2021: All products of animal origin (POAO) – for example meat, honey, milk or egg products - will also require pre-notification and the relevant health documentation.
From 1 July 2021: Traders will have to make full customs declarations (or use Simplified procedures if they are authorized to do so) at the point of importation on all goods and pay relevant tariffs.
(Photo source: Fundacion Fide)
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