HOW TO PREPARE FOR BREXIT

Similar documents
Brexit Business Checklist 21/12/2018

Brexit Preparedness seminar on Customs, taxation, SPS, Import/Export licenses, TRQs. Council Working Party (Article 50 Format) 6 December 2018

UK Customs White Paper

Summary How VAT rules for UK businesses trading with EU countries would be affected if the UK leaves the EU on 29 March 2019 with no deal.

Questions and Answers: the consequences of the United Kingdom leaving the European Union without a ratified Withdrawal Agreement (no deal Brexit)

BREXIT - VAT & Customs

In a no deal scenario, postponed accounting will be introduced for imports from the EU and Rest of World

Keep Britain trading. 10 ways to make customs borders work after Brexit

Are you ready for BREXIT? IHK checklist for companies

Keep Britain trading. 10 ways to make customs borders work after Brexit

English Version. Are you ready for Brexit? IHK checklist for businesses

LEGISLATIVE PROVISIONS IN UCC

Brexit Brief what should we do now

UK Government s guidance on preparing for No Deal on Brexit outlines indirect tax implications

Brexit: Indirect Tax and Operational Issues for Multinational Companies. April 25, 2018

Public Consultation on the Definitive VAT system for Business to Business (B2B) intra-eu transactions on goods.

EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax Administration Value Added Tax VEG N O 073

New EU VAT rules simplify VAT for e-commerce

EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax administration Value added tax VEG NO 076

11/12/ Eyes Ltd. The VAT package. Major changes to VAT from 1 January 2010

EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax Administration Value Added Tax GFV N O 065

Presented jointly by the negotiators of the European Union and the United Kingdom Government.

An IEA Briefing UNDER CONTROL

What tech exporters want from Brexit

28/06/2018-TAX3 HEARING ON VAT FRAUD WRITTEN REPLIES TO QUESTIONS

The Customs Declaration Service: a progress update

Assessment of the application and impact of the VAT exemption for importation of small consignments

Jas Forwarding (UK) Limited UK Projects Oil & Gas Division. People Make The Difference

The Impact of Brexit on Postal and Other Delivery Operators and their Customers

AmCham EU position on Customs & Trade Facilitation in TTIP

Brexit - No Deal Checklist from the RHA

EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION WITHDRAWAL OF THE UNITED KINGDOM AND EU RULES IN THE FIELD OF VALUE ADDED TAX

Table of Contents. Part 1 General Section

COUNTRY-BY-COUNTRY ANALYSIS (ANNEX IV)

Summary of key findings

Definitive VAT-system for Cross-Border Trade

Outcome of EU Referendum-an overview

CHAPTER 1 INTRODUCTION TO CUSTOMS DUTIES

Customs Bill: legislating for the UK s future customs, VAT and excise regimes Response by the Chartered Institute of Taxation

European Economic and Social Committee OPINION. European Economic and Social Committee

Are you braced for Brexit?

Input VAT newsletter New VAT rules for online businesses

Audit guidelines Mini One-Stop Shop for telecom, broadcasting and electronic services

Consequences of Brexit An Indirect Tax perspective. Laga - Tax - 15 July 2016

Analysis of the impact of the split payment mechanism as an alternative VAT collection method. Final Report Executive Summary. Written by Deloitte

EU VAT Reform proposals 2017 A view from business perspective

European Commission issues detailed technical proposal for definitive VAT system

Questions and answers: GST on low-value imported goods an offshore supplier registration system

Special scheme for small enterprises under the VAT Directive 2006/112/EC - Options for review

Preliminary results of International Trade in 2014: in nominal terms exports increased by 1.8% and imports increased by 3.

2019 No. 487 EXITING THE EUROPEAN UNION CUSTOMS. The Customs (Managed Transition Procedure) (EU Exit) Regulations 2019

Brexit Quick Brief #1

EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Indirect Taxation and Tax Administration Value Added Tax GFV N O 067 REV 2

Union Customs Code (UCC)-Adoption of the Delegated Act (DA) and publication of the final text of the Implementing Act (IA).

Lithuania: in a wind of change. Robertas Dargis President of the Lithuanian Confederation of Industrialists

Brexit and a Future UK Customs System

ASEAN CUSTOMS TRANSIT SYSTEM (ACTS) Conditions for Authorised Transit Traders (ATT) one vision one identity one community

VAT FOR ARTISTS IN AN INTERNATIONAL CONTEXT

Proposal for a COUNCIL DIRECTIVE. laying down the general arrangements for excise duty (recast)

Kreston VAT News December, 2017

Stock in trade. What is the issue? What does this mean to me? What can I take away? 1 July 2017

CUSTOMS NEWS Arne Møllin Ottosen Stine Andersen Tobias Triton Frost

DOWNLOAD OR READ : TAX TREATIES AND CONTROLLED FOREIGN COMPANY LEGISLATION PDF EBOOK EPUB MOBI

Charles Proctor Partner, Fladgate LLP

VALUE ADDED TAX COMMITTEE (ARTICLE 398 OF DIRECTIVE 2006/112/EC) WORKING PAPER NO 924

Relevant reporting requirements in each EEA States will also have to be checked.

Why not VAT on intra-eu supplies of goods and services? Christian Amand September 18th 2018

Brexit Update. AgriFood industry. Walking the tightrope a European view on Brexit

Exchange of data to combat VAT fraud in the e- commerce

Opinion Statement FC 9/2017. European Commission Proposals on the way towards a single European VAT area

Proposal for a COUNCIL IMPLEMENTING REGULATION

The Start-up Brief. This FAQ sheet specifically sets out to answer the following questions:

Get your business Brexit-ready

Proposal for a COUNCIL IMPLEMENTING DECISION

Account of the Receipt of Revenue of the State collected by the Revenue Commissioners in the year ended 31 December 2016

COMMISSION OF THE EUROPEAN COMMUNITIES COMMISSION RECOMMENDATION. of on withholding tax relief procedures. (Text with EEA relevance)

13 TH MEETING 2 MAY 2016

Press Conference by European Commissioner for Taxation and Customs. László Kovács. "A new customs environment to face globalisation challenges"

GENERAL RULES ON CUSTOMS STATUS, PLACING GOODS UNDER A CUSTOMS PROCEDURE, VERIFICATION, RELEASE AND DISPOSAL OF GOODS

House of Lords London SW1A 0PW. Tel: Fax: European Union Committee

32nd Annual Asia Pacific Tax Conference November 2016 JW Marriott Hotel Hong Kong

Brexit Preparedness seminar on professional qualifications, intellectual property, civil justice, company law, consumer protection and personal data

Submission to the Joint Committee on Agriculture, Food and the Marine. The impact of Brexit on Agriculture, Food and Fisheries

VALUE ADDED TAX COMMITTEE (ARTICLE 398 OF DIRECTIVE 2006/112/EC) WORKING PAPER NO 924 REV2 *

Customs Vision for 2020 January 2016

Proposal for a COUNCIL DIRECTIVE

Indirect tax alert. EU VAT refunds for non-eu businesses. Are you preparing your 2012 EU VAT refund application?

Frequently asked questions on: Supply Chain Security

The Report of the Secretary General

AUTHORISATION OF FINANCIAL INSTITUTIONS... 3 LICENCING... 3 CRITERIA APPLIED FOR THE GRANT OF A LICENCE... 5

Securing and Facilitating Trade in North America

ELECTRONIC COMMERCE AND INDIRECT TAXATION

A further notice to stakeholders relevant to the area of maritime transport has been published, as follows:

Integrated text of Council Directive 2006/112/EC on the common system of value added tax (the Recast VAT Directive)

Brexit Quick Brief #2. An orderly exit from the EU

SEPA Direct Debit Conditions

VAT and the Digital Economy

Council of the European Union Brussels, 28 November 2017 (OR. en)

(M)OSS and the EU VAT reform

SIMPLIFICATIONS Title V UCC/ Guidance for MSs and Trade

Transcription:

HOW TO PREPARE FOR BREXIT CUSTOMS GUIDE FOR BUSINESSES Taxation and Customs Union

April 2019 In the absence of a Withdrawal Agreement, which would put in place a transition period until the end of 2020 (with the possibility of an extension foreseen in the Withdrawal agreement), the UK will be treated as a non-eu country for customs purposes as of 13 April 2019. It is now urgent that businesses in the EU start preparing for the UK s withdrawal, if they have not yet done so. BREXIT WILL AFFECT YOUR COMPANY IF it sells goods or supplies services to the UK, or it buys goods or receives services from the UK, or it moves goods through the UK. WHAT DOES THIS MEAN? Without a transition period (as tabled in the Withdrawal agreement) or a definitive arrangement, trade relations with the UK will be governed by general WTO rules, without application of preferences, as of 13 April 2019. This means in particular that: Customs formalities will apply, declarations will have to be lodged and customs authorities may require guarantees for potential or existing customs debts. Customs duties will apply to goods entering the EU from the United Kingdom, without preferences. 2

Prohibitions or restrictions may also apply to some goods entering the EU from the United Kingdom, which means that import or export licences might be required. Import and export licences issued by the United Kingdom will no longer be valid in the EU (EU27). Authorisations for customs simplifications or procedures, such as customs warehousing, issued by the United Kingdom will no longer be valid in the EU (EU27). Authorised Economic Operator (AEO) authorisations issued by the United Kingdom will no longer be valid in the EU (EU27). Member States will charge VAT at importation of goods entering the EU from the United Kingdom. Exports to the United Kingdom will be exempt from VAT. Rules for the declaration and payment of VAT (for supplies of services such as electronic services), and for cross-border VAT refunds will change. Movements of goods to the United Kingdom will require an export declaration. Movement of excise goods to the UK may also require an electronic administrative document (ead). Movements of excise goods from the United Kingdom to the EU (EU27) will have to be released from customs formalities before a movement under Excise Movement and Control System (EMCS) can begin. WHAT SHOULD YOU DO? All businesses concerned have to prepare, make all necessary decisions, and complete all required administrative actions, before 13 April 2019 in order to avoid disruption. Follow the checklist below and get to know which practical steps you need to take as soon as possible to be prepared. 3

BREXIT CHECKLIST FOR TRADERS ASSESS WHETHER YOUR BUSINESS TRADES WITH THE UK OR MOVES GOODS THROUGH THE UK If it does: REGISTER your business with the national customs authority, to trade with non-eu countries. You can find the contact details of the national customs authorities in this list: https://europa.eu/!xr37yv ASSESS whether your business is ready to continue trading with or via the UK by having the necessary: 1. human capacity (staff trained in customs matters); 2. technical capacity (IT systems and others); and 3. customs authorisations, such as for special procedures (storage, processing or for goods under the specific use rule). ENQUIRE with your national customs authority about the existing customs simplifications and facilitations that are available for your business, such as: 1. simplifications for placing goods under a customs procedure; 2. comprehensive guarantees, with reduced amounts or waivers; 3. simplifications for transit procedures. 4

CONSIDER applying for an Authorised Economic Operator (AEO) status from your national customs authority. If you are registered for the VAT Mini-One-Stop-Shop in the UK, REGISTER in an EU27 Member State. If you have paid VAT in the UK in 2018, SUBMIT your VAT refund claims sufficiently in advance of 13 April 2019 for them to be processed before that date. TALK to your business partners (suppliers, intermediaries, carriers, ) as Brexit might also impact your supply chain. CHECK e-learning modules on Customs and Tax to see whether you or your staff needs extra training. CONSULT for more detailed technical information the European Commission s webpage which contains preparedness notices on a wide range of topics, including customs and taxes. 5

To get additional information and assistance, contact your national authorities, your local Chamber of Commerce and Industry, or your industry association. CONTACT Ireland http://gov.ie/brexit https://www.revenue.ie/brexit https://www.prepareforbrexit.com/ brexitqueries@revenue.ie Malta https://customs.gov.mt/bus/what-does-brexit-mean-for-my-business Malta.customs@gov.mt Telephone: 25685120 / 25685123 MORE INFORMATION AND RELATED LINKS Withdrawal of the United Kingdom from the EU https://ec.europa.eu/taxation_customs/uk_withdrawal_en Factsheet Seven things businesses in the EU27 need to know to prepare for Brexit https://ec.europa.eu/info/sites/info/files/factsheet-preparing-withdrawal-brexitpreparedness-web_en.pdf Contacts of EU27 national authorities in the field of Customs and Tax https://europa.eu/!xr37yv Page with preparedness notices on all topics https://ec.europa.eu/info/brexit/brexit-preparedness/preparedness-notices_en E-learning modules on Customs and Tax https://ec.europa.eu/taxation_customs/eu-training/general-overview_en 6

NOTES 7

KP-01-19-305-EN-N Print ISBN 978-92-76-02187-2 doi:10.2778/06691 KP-01-19-305-EN-C PDF ISBN 978-92-76-02174-2 doi:10.2778/777834 KP-01-19-305-EN-N Printed by the Publications Office in Luxembourg