The Brexit trade deal has vastly affected importing and exporting goods to the UK and while some things have been agreed, it still remains a huge uncertainty. In the near and far future, we can expect changes in VAT and taxes, more paperwork for freight forwarders when transporting goods and having to comply with differing UK and EU standards.
We still don’t know exactly what the 2,000 page Brexit trade deal contains although some details have been spoken about, so many of the policies and regulations are yet to be finalised. The main takeaway from the new Brexit trade deal is that both the UK and EU have said they will aim to have a level playing field, while all regulations can be discussed and changed in the future on a yearly basis.
What We Know So Far:
- The UK is no longer part of the Customs Union
- Both sides have agreed on a level playing field in regards to social, labour and environmental standards
- Import and export rules can easily be changed by both sides in the future, which could mean extra tariffs and charges on certain goods. Disputes about these are thought to be ongoing
- UK producers will have to take into consideration both EU and UK standards
- Gradually over the next 5 years, the EU’s share of fishing quotas from British waters will be reduced
How Transporting Goods Have Been Affected:
- New paperwork is required for businesses to fill out when crossing the EU border. The UK has delayed the checks for about 6 months forward but on the EU side the change was imminent (from the 24th of December 2020)
- This extra paperwork will has caused severe delays and hold-ups at ports
- Security arrangements regarding air cargo between the EU and UK haven’t changed, cargo flights don’t need to hold a UK or EU designation, although this is different when transporting to the rest of the world
- New lorry parks have been built in Kent to avoid gridlock
The UK’s Trade Relationships With the Rest of the World:
- Ireland will continue to follow EU rules with trade to prevent a hard border, checks will be made on goods going into Northern Ireland
- Depending on how future trade deals go, the UK could have free trade with countries like the US and New Zealand, which the EU currently doesn’t have
- ‘Brexit vouchers’ are available to Dutch businesses
Regulations Affecting Workers:
- A visa is needed if you want to stay in the EU for over 90 days during a 180 day period
When Did Brexit Happen?
Sometime now after the Brexit vote date, Britain has now officially left the EU and new rules and regulations around trade have been established. New paperwork is required and new regulations adhered to, but some temporary measures have been put in place during 2021 to ease congestion.
KlearNow Can Help Your Business During Brexit
Clearing customs is becoming an ever more time-consuming and complicated process, but KlearNow has simplified this process for you. By implementing our-cloud-based technology, we have revolutionised transporting goods, cutting down the time it takes to process shipments and digitising all information on one platform.
- All documents digitally recorded, making information accessible to everyone
- Import and export declarations are always at your fingertips
- You will have full visibility of your goods, every step of the way
- Connection to UK Ports and CSP’s
- Directly connected to CHIEF
By using our technology when Brexit rules and regulations are constantly evolving, you will have a well-organised and streamlined approach to transporting goods. This will not only give you an edge over competitors, it will make the transitional period much easier for your business.
We Connect Everyone in the Customs Clearance Process
One of the huge benefits of our AI technology is that information is accessible to everyone. This makes Importing and exporting cargo a transparent process for everyone involved, putting business owners in control. By using our platform, importers, exporters, customs agents, freight forwarders and hauliers are always kept in the loop. This means:
- Everyone involved and business owners receive real-time information on cargo
- Communication is simplified on one platform
- Knowing about potential charges in advance means you can avoid them
If you’re unsure how the Brexit trade deal will affect your business and want some expert advice, contact us, so you can continue to thrive.