HMRC – Preparing Businesses for EU Exit – Source of reference HMRC employers Bulletin

Preparing businesses for EU Exit This week we have published our latest letter to UK businesses that trade only with the EU with details of important actions they need to take and changes to be aware of in the event of the UK leaving the EU without a deal. It is our third letter to businesses on preparing for the UK leaving the EU. The letter asks businesses to take a number of actions to prepare for no deal. These include: • Registering for an Economic Operator Registration and Identification (EORI) number on GOV.UK • Deciding if they want to hire customs agent to make import and/or export declarations for them, or if they want to make declarations themselves using relevant software. • Registering for Transitional Simplified Procedures (TSP), which is a new process to make importing easier than it otherwise would be for the initial period after the UK leaves the EU, should there be no deal. 12 Employer Bulletin February Issue 76 Contents There are also important updates on the way businesses trading with the EU pay import VAT and use EU VAT IT systems if we leave with no deal. You can read the full letter to UK businesses that trade only in the EU on GOV.UK. New ‘Prepare your business for the UK leaving the EU’ tool We have also published a ‘Prepare your business for the UK leaving the EU’ tool on GOV.UK to help all UK businesses: • find out what they need to do to prepare for the UK leaving the EU • what’s changing in their industry • information on specific rules and regulations. All you need to do is answer 7 simple questions to receive guidance relevant to your business and sector. You can access the tool at Prepare your business for the UK leaving the EU. Make sure you find out about all of our EU Exit news as it happens Register for our email update service by clicking on this link and selecting ‘business help and education emails’, then ‘EU Exit’ to stay up-to-date with all of the latest guidance and support to help you prepare your business for the UK leaving the EU.

Source of reference – HMRC employers Bulletin

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