HMRC enrols businesses in simplified import scheme

HM Revenue & Customs (HMRC) has enrolled more than 95,000 qualifying businesses into the simplified import procedures programme, which will be put into place if the UK leaves the European Union (EU) without a deal on 31 October 2019.

The Transitional Simplified Procedures (TSP) scheme allows businesses up to six months to send customs declarations and pay customs duties to HMRC after importing from the EU.

The Government has suggested that the measures will minimise post-Brexit disruption and prevent congestion at the border.

To be automatically enrolled into the scheme, businesses must be VAT-registered and have a record of importing goods from the EU in 2018, while firms that do not meet these requirements must register themselves to receive the same benefits.

This follows the confirmation that the UK’s listed status to export live animals and animals products as a third country can continue in the event of a no-deal Brexit.

Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: “In particular, it would help the thousands of UK firms who import from the EU but have little experience of dealing with customs processes.

“We are pleased that ministers have again listened to BCC’s calls to reduce the number of administrative hoops businesses will need to jump through as they navigate major changes to the way they trade across borders.”

HMRC also recently announced that all VAT-registered businesses would be automatically enrolled in the Economic Operator Registration and Identification (EORI) number programme to allow firms to continue trading with the EU should a no-deal scenario occur.

For advice on matters relating to international trade, including imports, contact our expert team at Macalvins today.

Posted in Brexit, Business, Value Added Tax.