Almost 50% of the UK’s international trade is with the other 27 countries of the EU (EU27). Businesses that trade directly or indirectly with the EU27 will be affected by Brexit and should plan for the impact on their operations.
Politically, the situation regarding Brexit is utterly uncertain. At the moment there is a draft, but unratified, agreement and an extension of membership is agreed until 31 January 2020.
The advice from the Government remains to plan for a no-deal Brexit as far as is possible.
What will happen post-Brexit?
After leaving the EU (and after any transitional period), customs procedures for trading with the other EU countries will fall in line with procedures for trading with the rest of the world.
Goods leaving the UK for an EU country will have to have an export declaration before they are cleared for export.
The same procedure will apply in reverse for imports from an EU country. An import declaration must be made before the imported goods are released.
If your products carry the CE product conformity mark, you will need to take action to retain the right to use it.
Brexit will change the way that VAT is governed on sales between the UK and the EU27.
Brexit may also affect the origin status of your products and if your goods are used in the manufacture of goods by a customer in another EU country, it may impact the origin status of their finished goods.
How do I plan for a no-deal Brexit?
Last reviewed 1 November 2019