With less than a month to go until 29th March, Walpole members are united behind their opposition to a no-deal Brexit. However, even with the most recent political developments and potential for the extension of Article 50, the guidance Walpole has been given is that members should continue with no-deal Brexit preparations. Walpole recently met with representatives from the DCMS and DIT who shared with us a number of technical notices relevant to our sector - concerning multiple no-deal scenarios - and over the coming week we will be sharing these with you.
Our final focus on no-deal Brexit planning for members is the DIT Partnership pack: a indepth guide to preparing for changes at the UK border after a ‘no deal’ EU Exit. Please click here to read this pack, and below to read the previous notices we have shared over the past week.
Previous Technical Notices:
Six steps for businesses to take to prepare for a No Deal Brexit
UK passports with less than six months to run will not be accepted for travel in the Schengen area.
UK Settlement SchemeCustoms procedures in the event of a NDB
Imports into the EU from outside the EU
Goods traded between the UK and the EU after 11pm on 29 March 2019 will be subject to the same requirements as third country goods, including the payment of duty and import and export declarations. For UK exports arriving at the EU border, the EU will require payment of customs duty at the rate under the EU’s Common Customs Tariff.
Supply chain: please see page 47 of the DIT presentation for supply chain impacts, p100 for information about changes to transit systems and p113 for information about warehouse storage.
eCommerce
VAT for businesses in the event of a NDB
See page 25 of the DIT presentation: You will still be able to use the EU VAT registration number validation service, but UK VAT registration numbers will no longer feature on it. HMRC is developing a system to validate UK VAT numbers should there be a no deal.
International VAT guidelines
We also thought it helpful to clarify what ‘no-deal’ Brexit actually means in practice - the government has shared a note for businesses on what happens to existing trade agreements if the UK leaves the EU without a deal, and can be read here.
The technical notices are very accessible and should cover the majority of issues that you may face. If there are any areas where you feel like more information is needed, please contact [email protected].
