HMRC has started sending guidance letters to VAT-registered businesses in Great Britain that are trading with the EU, or the EU and the rest of the world.
They explain what businesses need to do to prepare for new processes for moving goods between Great Britain and the EU from 1 January 2021, including:
- making sure they have a UK Economic Operator Registration and Identification (EORI) number;
- deciding how they will make customs declarations;
- checking if their imported goods are eligible for staged import controls.
These actions will not change regardless of the outcome of the government’s negotiations with the EU. Businesses can keep up to date with these changes by registering for HMRC’s email updates.
Noel Guilford