News

IS IT THE BEGINNING OF THE END OR THE END OF THE BEGINNING ?

Friday 1st November 2019

So, a Withdrawal Agreement has been (kind of) agreed by UK Parliament......but not really. The Back Stop is gone, but a border down the Irish Sea between Northern Ireland and the UK will be introduced, with Northern Ireland being part of the UK and part of the EU Customs Union at the same time!

An election is on the horizon - 12th December - will clarity arise after that date?

An extension to Article 50 has been agreed to 31st January 2020......then, if all agree to the Withdrawal agreement, we will have a transition period of about a year to allow us to agree some kind of UK/EU Trade Deal....although the transition period can be extended.

So, what do we actually know now;

The UK did not crash out of the EU on 31 October 2019
The Easements announced previously (TSP/VAT Postponed Accounting/Temporary Tariff) will on apply IF we leave without a deal
It will be business as usual during the Transition - the UK abides by EU rules but will have no say on them
Post Transition, whether we have an FTA or not, declarations at the border will be the order of the day
If an FTA is agreed, it will no doubt be Rules Based - Origin calculations and control processes will be required
Movement of Union goods via the UK will need something like Customs Warehousing if any storage is applied, so that the goods retain their Union Status - please see the EU Transit Manual
Customs Software is one of the answers