Brexit Update – EORI numbers & Transitional Simplified Procedure (TSP) Registration
HMRC have sent out on update today in light of the extension to the Brexit Deadline until 31 January 2020
Their note states:
“Many of the steps that you have already taken to get your business ready for Brexit will still be useful preparation for the UK leaving the EU, with or without a deal:
- if you have received an EORI number starting with GB, please retain this number, your EORI number will remain valid for use in trade with businesses based in the EU if the UK leaves the EU without a deal – your EORI number can be used now to trade with businesses based outside of the EU
- if you are an importer and have registered for Transitional Simplified Procedures (TSP), you should retain your letter of approval – it will remain valid if the UK leaves the EU without a deal
- if you received a letter from HMRC telling you that you’ve automatically been registered for TSP, we will be writing to you again soon to authorise you to use it to import TSP standard goods from the EU if the UK leaves without a deal – please retain these letters and your TSP number.”
Businesses will have a range of issues to address as they look at trading arrangements with overseas customers all depending on the nature of the customer – a business or not and the nature of their supplies – whether goods or services and if services, are they electronically supplied or digital services and therefore affected by the planned changes to the MOSS rules.
UK businesses will also need to consider the planned implementation of the EU Fixes which come into place from the 1st January 2020. Centurion has already made representation through the British Chamber of Commerce on this issue for businesses and alerted directly relevant ministerial representatives in both the UK and Welsh Governments.
For more information on the planned EU Fixes click here