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Friday Brief Archive

2021

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FRIDAY BRIEF

Hello and welcome to the MTA Friday Brief for the 2nd week of December;  in a week when it looks increasingly likely that the UK will end its Brexit Transition Period without a trade deal with the European Union, we have a number of stories related to this process as well as other news and information relevant to our industry.

This week also saw the MTA’s AGM which was held on-line;  as well as the usual business of the meeting, this marked the end of the term for Marcus Burton MBE as President of the Association.  He has been replaced in this role by Andy Hodgson, Strategic Lead: Digitalisation at Siemens and there is more information about this in the article below.

A reminder that when it comes to Brexit, you can find all of our articles at https://www.mta.org.uk/members-area/resources/brexit while those on the Coronavirus situation are listed at https://www.mta.org.uk/members-area/resources/coronavirus.  You can find other collections of articles from the Friday Brief in the index on the left-hand side of either of these pages or at https://www.mta.org.uk/members-area/resources.

We also held a very successful webinar which set out the trading arrangements that will apply from 1st January 2021 and we also have details of another event being organised by the Institute of Export & International Trade on VAT.  There are also separate Brexit articles on:

  • VAT arrangements and the future of trade marks
  • Tariffs and UK Trade Agreements
  • An update to our UKCA/CE Marking Guide, including details of a CECIMO webinar looking at the topic from a European perspective

In other export related news, we have information on the UK’s launch of the new General Export Facility (GEF) which will provide an 80% guarantee on financial support from lenders to support general export costs up to £25 million.

The main economic news this week was the GDP and output data for October which showed the rate of growth in the UK economy decelerating, although this is concentrated in the service sector (and specifically in the hospitality industry) and manufacturing output actually gathered pace in this period.  Also in the past week, we saw the latest update on GDP growth in Europe from Eurostat;  this is quarterly data and confirms that, like the UK, Europe had a two quarter recession in the first half of 2020 that was ended by the recovery bounce in Q3.

Both CECIMO and CELIMO - the European manufacturers and importers/distributors organisations respectively - have had meetings/presentations in the past couple of weeks and we provide links to those reports as part of the economic news item.  On this theme, CECIMO has also published a new edition of its magazine and you can access this via the article below.

The MTA Business Survey for November will be closing next week but there is still time to let us have your input via the web-site at www.mta.org.uk/mta-business-survey-nov20.

Finally this week, there are two articles related to the Covid-19 crisis.  We have a reminder about the new arrangements on the Coronavirus Job Retention Scheme (CJRS), including the deadlines for making the monthly claims for furlough payments and there is also a reminder about the work related stress webinar that the Safety and Health in Engineering Partnership (SHEP) is hosting next Thursday (17th).

We will be back next Friday with more news and information for and about the manufacturing technology – until then, stay safe and have a good weekend.

New President for the MTA as First Virtual AGM is held

Andy Hodgson, MTA President

Tuesday 8th December 2020 saw members of the Manufacturing Technologies Association meet online for our first ever virtual AGM. As part of this meeting, we also welcomed our new President Andy Hodgson, Strategic Lead: Digitalisation at Siemens. Mr Hodgson has played an active role in the MTA for many years as a Board Member and has served as the Technical Committee Chairman for that last two years, stepping down to take on this new role.

BREXIT - UKCA AND CE MARKING UPDATE & WEBINAR

BREXIT - UKCA AND CE MARKING UPDATE & WEBINAR

Following the publication of the 3rd edition of the MTA UKCA/CE Marking guide last week – see https://www.mta.org.uk/resources/mta-guide-ukca-ce-marking-3rd-edition - the UK Government has begun the process of publishing the UK’s lists of Designated standards.  As stated previously, these are currently the full list of standards giving Presumption of Conformity with EU Directives/ UK Regulation.

ECONOMIC NEWS

ECONOMIC NEWS

UK Manufacturing Output, October 2020:  The Office for National Statistics (ONS) published its monthly raft of output data on Thursday morning and while it  is the GDP data that attracts the headlines, it is the detailed figures on manufacturing output that are of more interest to MTA members.  The latest release shows that manufacturing output grew by +10.0% comparing the latest 3 months (August, September and October) with the previous 3 months (May, June and July), although this still leaves the level -7.8% lower than in the same 3-month period in 2019.  Looking at the m

BREXIT UPDATE – VAT & TRADE MARKS

BREXIT UPDATE – VAT & TRADE MARKS

Guidance has been issued covering what taxes and tariffs EU businesses might need to pay when trading with the UK from 1ST January 2021.  This includes rules on paying VAT on goods sent in parcels worth £135 or less to UK buyers – this might affect some small shipments of tooling from EU companies to UK customers.  For more information, go to https://www.gov.uk/guidance/eu-business-taxes-and-tariffs and follow the links on that page.

BREXIT UPDATE – TARIFFS & TRADE DEALS

BREXIT UPDATE – TARIFFS & TRADE DEALS

As it seems likely/probable/possible (delete as appropriate depending on which Government minister you last heard speaking) that there will not be a trade deal with the EU, you can find out the likely tariffs that will apply to your products both for imports to the UK and exports to the EU at https://www.gov.uk/check-tariffs-1-january-2021.

You need to click on “start now” and then enter either your commodity code or a description of the product.  The system will give you two rates:

VAT WEBINAR INSTITUTE OF EXPORT & INTERNATIONAL TRADE

VAT WEBINAR INSTITUTE OF EXPORT & INTERNATIONAL TRADE

Following the success of the MTA webinar on Thursday – you can download the slides from this webinar below – we would like to draw your attention to another webinar being organised by the Institute of Export & International Trade on the topic of VAT implications to UK exporters in 2021.  This will be held on Tuesday 15th December, from 3:00pm to 4:00pm, although if you aren’t able to attend at this time, you can register your place and they will send you a recording of the webinar for you to view in your own time.

GENERAL EXPORT FINANCE FACILITY

GENERAL EXPORT FINANCE FACILITY

Our colleague Jack Semple, Secretary of EAMA has provided some notes on the recent announcement of a general export finance facility aimed at SME’s.

UK Export Finance (UKEF) has taken what may prove to be a hugely significant step forward in improving the availability and value of its services to SMEs, with the launch of a General Export Facility (GEF).  UKEF will be able to provide an 80% guarantee on financial support from lenders to support general export costs up to £25 million.