International trade involving both intra-EU and worldwide activities presents significant VAT, customs duty and reporting issues.
Imports, duties and tariffs can be expensive. It is important to ensure goods are classified and valued correctly and that supply chain structures are tax-efficient.
Clear, comprehensive and valuable advice
We provide a guide through the ever-changing cross-border rules and how these affect imports, exports and cash flow. Working with a network of international experts, advice can be provided in all jurisdictions in which your business operates.
New EU trade rules post-Brexit
Following the UK/EU Free Trade Agreement, effective from 31 December 2020, the rules around importing and exporting goods into or from the UK have changed.
The agreement provided relief for many businesses with the announcement that from 1 January 2021 no tariffs or quotas would be applied to the movement of goods between the UK and EU.
Despite this agreement, in the post-Brexit landscape, businesses need to ensure they continue to meet requirements and obligations in relation to customs procedures and documentation.
Businesses may face challenges in regard to import duties which can still apply, and Import VAT, which is also payable in the EU Member State of destination
We can help businesses navigate the changing regulations and duty processing requirements involved with the import and export of goods into or from the UK by providing bespoke advice in line with individual requirements.
By evaluating your existing supply chains and wider business plans from a functional perspective, we aim to implement cost effective solutions that will help you thrive in the post-Brexit world.
A global reach