HMRC accelerates registration of firms onto simplified import procedures
Following the automatic EORI registrations that took place earlier this year, HM Revenue and Customs (HMRC) has announced that they are automatically registering 95,000 businesses for its simplified import procedures, allowing most traders up to 6 months to send in customs declarations and pay any customs duties to HMRC after importing goods from the EU, in the event that the UK leaves the EU without a deal on 31 October 2019. The primary aim of this action is to prevent border congestion when goods enter the UK.
The scheme, known as Transitional Simplified Procedures (TSP), will make importing after Brexit on 31 October much simpler, particularly for businesses that would be completing customs processes for the first time.
Businesses who have been registered for TSP are UK-based traders that HMRC has a record of having imported goods from the EU in 2018. Letters have been sent to these traders with further details of their TSP registration with instructions on further steps required to make sure that they are ready for 31 October including checking if their goods attract tariffs, and getting a Duty Deferment Account if they do.
Whilst there is no obligation on importers to use TSP, HMRC strongly advises traders new to dealing with customs to take advantage of the benefits of these simplified procedures.
Further information about the scheme can be found here.