Her Majesty’s Revenue & Customs (HMRC) has finally produced a document that adds clarity to trading procedures between Northern Ireland and the rest of the UK, from January 1st, 2021 onward. In this document released in the last few days, HMRC have pointed out that much of the trade between NI and the rest of…
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The current COVID-19 pandemic has disrupted supply chains and logistics practices around the world. It has forced us to take a serious look at end-to-end solutions, globalisation, and how it works for our businesses. The European Union have made some changes to customs regulations allowing products specific to the fit against COVID-19 enter into free…
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December 2019 In the run up to the British general election, Prime Minister Boris Johnson assured the British public, in typical bombastic fashion, that there would be no checks,post Brexit between Britain and Northern Ireland. This was December 2019 and Johnson’s comments were surely aimed at allaying the fears of the DUP, whom he was…
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Making a customs declaration is only one part of a comprehensive and Revenue compliant customs declarations process. All declaration procedures, declarations, filing and data storage are subject to Revenue audit at any time. Should a declarant’s company perform poorly during an audit then they are liable to incur fines ranging from nominal to punitive. Penalties:…
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As of January 31st, 2020, the UK will finally and formally leave the European Union. There will be a transition period where all supply chain stakeholders will need to put customs procedures in place. By early 2021 all shipments delivering to, or transiting through the UK will require customs declarations. The declarant will need to…
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Ireland Electronic Customs Clearance. Over the last decade it has become a legal requirement for all customs declarants to submit customs declaration to Revenue electronically, through ROS. Electronic customs declarations are submitted to Revenue via Automated Entry Processing (AEP).
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Customs declarations like any other type of return to Revenue are subject to audit. Up until now customs audits in Ireland, have not been front and centre for the Revenue Commissioners. That is about to change.
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UK To Keep The Land Bridge Open. The UK land bridge has acted as a corridor for roll-on-roll-off (RoRo) trade between Ireland and the UK for decades.
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Companies importing and exporting goods through the UK post-Brexit, will be required to classify their goods. This means that companies will have to obtain the correct tariff code and enter it correctly on a customs declaration for that shipment.
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The dual customs plan proposed in the new Brexit deal may suit business and the economy of Northern Ireland even if it does not sit well politically with the unionist community who would prefer to be treated exactly the same as the rest of the UK.
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