From first January 2021, there will be new trade arrangements with the EU. Businesses that are registered in Great Britain and trade with the EU and internationally will need to take action so that they are ready for this change.
We wanted to give you an update as there are only two months left before this change will be enforced.
Letters have been sent by the HMRC to these businesses, if you have not received a letter then we suggest that you contact them directly.
The letters explain what you need to do to prepare for the new process of moving goods between Great Britain and the EU. Some steps that you need to take shown below:
It is important to note that these steps need to be taken whether the UK government secures a free trade agreement with the EU or not.
Some changes that you need to be aware of are shown below.
Businesses often struggled to make their own declarations, and they use other organisations such as freight forwarding companies and fast parcel operators to do this on their behalf. If you need support from these types of organisations it is essential to contact them as soon as possible to secure the services that you need, so you can continue to trade in the new year.
If you need any further support about the new trade arrangements with the EU, you can contact us directly.
You can call 01623 490 120 or email This email address is being protected from spambots. You need JavaScript enabled to view it..
Haidee is our Personal Tax Director and is a fully qualified tax adviser, having achieved the ATT qualification in 2006. Tax efficiency being her main concern. Specialising in taxation, Haidee provides clients with advice on personal tax, PAYE services, VAT and social security. She also provides guidance to new start-up businesses.
Call us today on01623 490120
or email info@watsonk.co.uk
When you first start a business, your focus is usually on attracting customers, generating sales and building a successful company. Few business owners spend much time thinking about how or when they will eventually leave the business.
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