welcome to our Brexit Breakfast Blog
Regular updates on BREXIT and the implications it has on your business' importing/exporting activities.
First, it’s ‘OFF’. 6,000 civil servants get pulled off No deal preparations.
Next day, it looks like they’re back ‘ON’ again.
Whatever next? We’re all in the dark...
In the cold light of cross party talks May has not budged.
Corbyn has not budged.
Do they honestly expect Barnier to finally budge?
No Deal by default is still very much alive.
The sane advice to small and medium sized business is to prepare for the worst and hope for the best.
Do not imagine everything’s going to be alright on the night.
Do not ease up.
Stay on track with your contingency planning.
Approved Economic Operator status should continue to be a goal because in any eventuality, fully digitalised customs compliance procedures will provide the basis for all future HMRC process.
Working with logistics companies, port authorities and partners in your supply chains who all share the security of AEO will be the future norm for the smooth continuation of trade.
Investigate Customs Approved warehousing schemes.
Calculate the financial advantages of working without financial guarantees.
Review your current customs liability and find ways of improving it.
Companies who have only ever traded within the EU should continue to register with HMRC as non- EU traders. Being flexible enough to change your sources of supply will help ensure you are not change resistant.
Investigate the fast track procedures with inland customs clearance that now exist.
Look into alternative road/ rail alternatives at your disposal.
Consider flexible freight management schemes like ‘My Freeway’.
All of the above is part of our 2020 VISION client programme.
2020 is just next year.
What vision do you honestly think the Government has for your business?
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Managing Director of Britannia Bureau Limited.