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East Midlands Chamber News

HMRC sends letters to businesses about trade arrangements after the UK has left the EU

HMRC is contacting businesses in the UK who may import and export between the UK and the EU to explain what they can do next to prepare for changes to customs arrangements after the UK has left the EU.

Between 1 Fe‌br‌ua‌ry and 31 De‌ce‌mb‌er 2020, there will be an implementation period. There will be no changes to the terms of trade with the EU or the rest of the world during this time.

From 1 Ja‌nu‌ar‌y 2021, the way you trade with the EU will change and you’ll need to prepare for life outside the EU, including new customs arrangements.

The letter that has been posted to 220,000 VAT registered businesses has also been published on GOV.UK.