According to new figures, the number of UK businesses exporting goods has increased by over 1,000 since this time last year, bringing the number to 110,800. More appetite from non-EU countries for UK goods has been seen, with the number of businesses exporting to these countries rising by 1.3 per cent in the last three months.
International Trade Secretary Dr Liam Fox said these figures highlight the exporting power across all UK regions. “This is fantastic news for British businesses, who should be encouraged by these figures to take advantage of the clear opportunities available for growing their business overseas.” Read more >
We are dedicated to supporting our customers through this uncertain period by providing guidance for Brexit.
Should the UK exit on 29 March without a formal agreement, there would be an immediate requirement for Customs formalities. Shipments between the UK and Europe will be treated the same as Non-EU Worldwide destinations.
In readiness for a possible Hard Brexit scenario, here are some steps you can take:
Economic Operator Registration and Identification (EORI) number: If you do not have an active EORI this will be needed for Customs Clearance, it’s free to apply and currently takes just a few days. You can apply here > Get a UK EORI number to trade within the EU
Commercial invoice: This should include; goods description / tariff number / value & currency / packaging details / weight / origin / EORI number / Commodity code. Invoice Template attached.
Know the commodity code of your goods: Commodity codes classify goods so you can fill in export declarations. You can look these up here > Trade Tariff Look Up
Record keeping: You’re required to keep records for all traded goods you declare to HMRC for 6 years. The reason for this is for duty and tax purposes, and for government statistics.
Growing uncertainty surrounds evolving trade barriers, Brexit and wider economic issues. Supply chain leaders therefore need to respond quickly to shifts in demand and consider customer needs in today’s fast-paced market.
Check out the article below for some more detail on this topic, including how you can best plan and prepare during these uncertain times: Planning for uncertain times >
The Freight Transport Association (FTA) advises logistics managers to think ahead and prepare for what might be a No Deal Brexit. These are uncertain times for businesses and to help you navigate these new waters FTA is holding an exclusive webinar: No Deal Brexit Briefings for Logistics Managers on 25 January 2019.
Hosted by a team of Brexit experts, the webinar will be invaluable for the logistics aspect of any business, especially regarding the movement of goods between the EU and UK. The webinar will offer detailed guidance for No Deal planning across all transport modes: road, sea, air and rail. For more details visit link >
‘Norway Plus’ could be least damaging form of Brexit for UK’s EU traders
Logistics expert says ‘Norway Plus’ is least damaging form of Brexit for UK’s EU traders
A leading logistics expert has said the so-called “Norway Plus” option is the least damaging practical form of Brexit for the UK’s companies trading with EU countries.
Adam Johnson, director of Leeds-based Tudor International Freight, said the draft withdrawal agreement and political declaration agreed by Prime Minister Theresa May and the EU Commission seemed almost certain to be rejected by the House of Commons next week. Equally, it appeared there was no majority in Parliament for the UK leaving the bloc without a deal next March, the default option under the Article 50 withdrawal process. Read more >
Export has been a key focus for this year’s World Trade Summit, hosted by the Institute of Export and International Trade (IOE&IT). A research paper from Barclays and the Policy Institute at King’s College was a key focus throughout the day. This research particularly explored how the UK can help it’s export performance, supporting exporters to develop opportunities to further their trade.
The new and updated UK schedule has caused some objections with WTO members and so International Trade Secretary, Dr Liam Fox, has written to the Telegraph to provide some clarification. Dr Fox has made it clear that in the unlikely scenario that no Brexit deal is reached the UK should be able to take full control of our trade policy in March 2019.
Not only is Christmas approaching but 3 key dates in the spending calendar hit us in November. Are you ready? Each year the value of online sales goes up and up thanks to Black Friday, Cyber Monday and fast-growing ‘Singles’ Day’ which originated in China and is now the biggest shopping day on earth.
As a respected global freight forwarder, International Freight Solutions (IFS) Ltd have the experience to know which of our partners are best placed to handle your package. For more information simply call our friendly and helpful team on: +44 (0) 1709 610 000 or send us a message.