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Brexit: supporting you whatever the scenario

Even if the future relation between The European Union and the United Kingdom remains to be written, the UK exit from the EU will bring changes for businesses of every size and sector and especially in trade compliance (customs).

To support you to get ready in terms of customs and logistics operations with the UK whatever the Brexit scenario, GEODIS provides you with background information, action list and official links.

questions

  • Do you know your business flows between the UK and the EU (e.g.: supplier and customer locations)?
  • Do you know which port/airport you use for your flows between EU/UK?
  • As UK will become a ‘third country’, the flows between the UK and the EU will require customs declarations to be made: What customs procedures do you have for trade with non-EU markets? Are you ready, if the need arises, to apply these to imports from or exports to the EU?
  • Do you have an EORI number (Economic Operator Registration and Identification number) in the UK and /or in the EU?
  • Do you know the HS codes (international customs classification system) for your products?
  • Do you know the origin of the goods that you buy and sell? Are you able to provide the proof of the origin?
  • Do you know the customs value of the goods that you buy and sell?
  • Which “incoterms” do you use?
  • Are your goods subject to prohibition or restriction? Do they need additional documentation (import/export license…)?
  • Do you import or export using lower duty rates (‘preferences’) provided by the EU’s existing trade agreements?
  • Do you have EU customs authorizations (e.g.: EU IPR procedure) or a trusted trader scheme such as Authorized Economic Operator (AEO)? As they will no longer be valid in the UK, what will be the impact on your business?
  • Do you have a customs representative to carry out your customs formalities? Do you have the appropriate power of attorney in place with your customs representative?...

In case the UK leaves the EU, it will be classed as ‘a third country’, outside the single market. Full customs declarations will be required for all goods imports and exports in and outside the UK.

Your international business needs support for customs procedures and obligations? GEODIS can serve as your certified partner, through its Authorised Economic Operator (AEO) status in 62 entities in Europe, APAC, UAE… and Customs Trade Partnership Against Terrorism (C-TPAT) status.

Find out more about GEODIS Customs expertise.

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