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Brexit

The Commons Library has published the following guide to temporary business travel provisions in the UK-EU Trade and Co-operation Agreement (TCA), which Members may find useful: House of Common

HMRC have provided answers to some of the most frequently asked questions on the new trade rules across three subject areas.

1.  Customs processes are complicated. Who can help me complete them?

A message from the Secretary of State for Business, Energy & Industrial Strategy (BEIS) right at the end of last week focused on this topic and in the light of questions we have been receiving, some of these links may be of use to MTA members.

The guidance page at https://www.gov.uk/guidance/help-and-support-if-your-business-trades-with-the-eu contains links on a number of topics from HMRC and other government organisations.  The topics include:

Match-funding for SMEs to boost exports

The Department for International Trade (DIT) has launched a £38 million Internationalisation Fund, through which 50% match funding is available to SMEs seeking to start exporting or increase their exports.  DIT is targeting firms with high export potential, typically turning over at least £500,000, although smaller firms can apply.  Applications are made through the DIT’s network of international trade advisors (ITAs).

The UK has left the EU customs union and single market.  There are new rules for businesses that came into force on 1st January 2021 which require immediate action.  Your business needs to act now to comply with these new rules. If you do not take action, there is a risk your business operations will be interrupted.

The government has launched a series of new, on-demand video explainers on the new requirements for trading with the EU.  They cover 18 topics, including importing and exporting, Rules of Origin, trade, data, and audit & accounting.  To view the videos you have to register at https://www.workcast.com/register?cpak=1070296099921910 and we understand that there is a long (and somewhat unnecessary) introduction video which

The Department for International Trade (DIT) has highlighted the following Q&A, with links:

The following is a selection of updates that have been published over the past week or so, focussing on those most relevant to our industry.

The full text – all 1287 pages of it! – can be downloaded at https://protect-eu.mimecast.com/s/7lu1CNOjqCMZY3umbagg?domain=assets.publishing.service.gov.uk.  This may be useful as there are occasional references to specific pages where detail of exceptions to general rules are detailed.

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