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Brexit

​EU deal ratification and reactions 

The European Parliament ratified the Trade and Co-operation Agreement between the UK and the EU in the last week of April and the TCA entered into force on May 1st.  The various committees and the partnership council provided for in the TCA will now work to address issues arising from its operation. (*For full list of bodies in appendix.) 

The MTA have a number of resources for those dealing with international trade. We have recently updated the pages on our website to reflect both the work we do with government and the latest information on Brexit and letters from HMRC around key issues. 

The MTA have recently been contacted by VAT IT. They have recently launched a solution called re:TRADE which is a one-stop supply chain solution addressing Brexit trade challenges such as shipping, EU customs clearance, VAT registrations, and Import VAT reclaim. re:TRADE makes it simple and cost-effective to move goods across borders and transition your business operations to the “new normal” post-Brexit. 

We have become aware that there is the potential for problems in getting UK temporary work visas for engineers and other technical staff coming from abroad, for example to commission or maintain equipment.

Should you experience what appears to be an unreasonable refusal by the Home Office or similar problems, we encourage you to get in touch, in confidence.  We will then ensure that the issue is raised appropriately with government.

The UK government will not now require UK Customs declarations for the vast majority of goods at the point of import until 1st January 2022. Traders importing goods between July 2021 and January 2022 will still be able to use the deferred declaration scheme, including submitting supplementary declarations, up to six months after the goods have been imported. Safety and Security Declarations will not be required until 1 January 2022.

A quick reminder to Members that the Brexit Support Fund opened for applications this week.  Firms with up to 500 employees and £100 million turnover that do not trade outside the EU can apply for grants of £2,000 for training and professional advice.  The grants are to learn about import and export customs procedures such as VAT and Rules of Origin.

In a recent letter to business the Rt Hon Kwasi Kwarteng MP, Secretary of State for Business, Energy & Industrial Strategy, has said “In my recent conversations with business and trade associations, I’ve been hearing about how businesses are successfully adapting their processes and seizing new opportunities now that we have left the EU. It has been encouraging to learn about business plans for growth once coronavirus travel restrictions are lifted.

The UK has left the EU and trade relations are now governed by the Trade and Cooperation agreement (TCA). Where the UK has trading agreements with the rest of the world, these will continue.

The UK has signed a number of trade agreements and is negotiating further deals. You can view details of the UK’s trade agreements here.

As you may be aware, at the end of last year the Government launched a number of routes under the new points-based immigration system, delivering key Government commitments to the UK public. The Government has built on those commitments by laying further Immigration Rules to continue implementation of the new system.

The International Chamber of Commerce (ICC) publishes “incoterms” – this is a set of 11 internationally recognized rules which define the responsibilities of sellers and buyers.  Incoterms specifies who is responsible for paying for and managing the shipment, insurance, documentation, customs clearance, and other logistical activities.  These are important because they define who is responsible for the tasks, costs and risks to be borne by buyers and sellers in commercial transactions.  The...

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