Wednesday, 5 August 2020
Michael Gove urges businesses to get ready for end of Brexit transition period – and East Midlands Chamber can help
Michael Gove, Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office, has written an open letter to businesses that move goods between the UK and EU ahead of the Brexit transition period coming to an end on 1 January 2021.
He sets out eight steps for companies to take over the next five months, headed up by a suggestion for them to speak to their local chamber of commerce, which he says is “experienced in international trade and can help guide you”.
East Midlands Chamber offers services including ChamberCustoms, which supports importers and exporters in customs declarations, as well as export documentation help and Brexit readiness events.
Director of partnerships David Pearson said: “Any business that sells to, or buys from, Europe will need to think about how the commercial relationship with their partners will change from 1 January 2021.
“As a very minimum, customs declarations will need to be completed for each movement of goods, which will have an impact on the price of trading with EU businesses.
“Businesses need to be aware of the changes and how that might affect the balance of power.”
Mr Gove’s letter follows the publication of a new Border Operating Model on 13 July that lays out plans for operating a new full external border.
He said: “I want to impress upon you the importance of using the next six-month period to prepare for leaving the customs union and for the application of the United Kingdom Global Tariff.
“If you have not done so already, now is the time to Check, Change and Go.”
How businesses can prepare for end of Brexit transition period
Eight steps have been suggested for all businesses to take to ensure they are prepared. They are:
- Speak to your local chamber of commerce, which is experienced in international trade and can help guide you
- Register here for an Economic Operator Registration and Identification (EORI) number, which you need to import and export
- Check the terms of your existing contracts with your customers and suppliers
- Plan how your business will deal with customs declarations
- Appoint a customs broker/intermediary to make customs declarations on your behalf
- Check if customs guarantees and simplified procedures will be helpful for your business, and complete the application process
- Identify the staff who can be trained on customs and apply for HMRC grant funding
- Use the guidance available at the Government’s UK transition page.
How can East Midlands Chamber help businesses prepare for 1 January 2021?
This service is offered direct to businesses to ensure customs clearance is accurate, timely and avoids additional costs through delays or errors.
With direct links to the HMRC customs handling system and all inventory-linked ports, we can ensure goods – no matter where they enter or leave the UK – will be cleared for onward transportation smoothly.
We can also help business to keep to time-sensitive supply chains, moving efficiently and economically.
Click here for more information.
Export documentation services
The Chamber helps businesses ensure they have the right paperwork when exporting goods – a crucial component in trading to prevent delays, additional costs or even deals from being stopped altogether.
We issue about 22,000 export documents each year for clients, accompanying more than £500m worth of goods.
Click here for more information.
Business readiness events and Brexit support
The Chamber’s comprehensive Brexit support programme assists businesses to ensure they are better prepared for the inevitable changes that are ahead.
In its mildest form, this may require a simple recalibration of operations, while in other cases it may mean a fundamental remodelling.
Our programme of support, which is informed by a dedicated Brexit Advisory Group consisting of Chamber members, is designed for businesses of varying sizes and from any sector.
We run regular events covering anything from changing UK border customs controls to how taxes will be affected, while we also hold training courses to help prepare for the changes.
Click here for more information on the programme.
To contact the Chamber’s international team, email email@example.com.Back