In the absence of a Withdrawal Agreement, which would put in place a transition period until the end of 2020, the UK will be treated as a non-EU country for customs purposes. It is urgent that businesses in the EU start preparing for the UK's withdrawal.
Brexit will affect your company if:
- It sells goods or supplies services to the UK
- It buys goods or receives services from the UK
- It moves goods through the UK
What does this mean?
Without a transitional period, trade relations with the UK will be governed by general WTO rules:
- Customs formalities will apply, declarations will have to be lodged
- Customs duties will apply to goods entering the EU from the UK
- Import and export licences issued by the UK will no longer be valid in the EU
- AEO authorisations issued by the UK will no longer be valid in the EU
- Member States will charge VAT at importation of goods entering the EU from the UK