Only a quarter of small companies ready for new Brexit border checks, says trade body

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Industry groups warn that only a quarter of UK small importers are ready for new border controls for EU imports imposed within four weeks, adding more supply chains shortly after Christmas. It causes a fear of confusion.

The Federation of Small and Medium Enterprises (FSB) has also warned that small and medium enterprises lack the ability to handle new paperwork.

After 1 January, companies will no longer be able to delay import customs declarations for EU goods and will have to file and pay the relevant customs duties at the time of import instead. Imports of food, beverage and animal products must also be notified in advance.

According to an FSB survey, only one in four small importers was ready to change, while one in eight importers was not ready to introduce a check. I did.

One-third said they were unaware of the change before the FSB survey, but would be affected.

FSB national chair Mike Cherry introduced import restrictions in January, given “the turmoil of the last 18 months, concerns about the Covid epidemic, and this is the busiest time of the year.” Few companies are ready to do so, he said.

He urged companies to refrain from stockpiling, but said, “The warehouse space was already under pressure. If anyone increased their storage, the pressure would only tighten.”

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Recently, the government has stated that businesses need to file customs declarations and consider ways to pay their obligations. Unless the goods have a valid declaration and customs clearance, the goods cannot be distributed and in most cases cannot depart.

If these checks cannot be made at the border, the goods may be sent to an inland border facility for written or physical checks.

On the other hand, exporting goods to the EU using tariff preferences requires a supplier declaration for the first time. This allows for tariff reductions as long as you have a certificate of origin.

The product code used worldwide to classify goods imported and exported will also change on January 1.

The FSB is calling on the government to raise awareness “in a situation where many small businesses do not have the cash or bandwidth to manage this new red tape.”

The Minister also wants to introduce a new SMEBrexit Support Fund to help companies import and export in paperwork and regulation.

Only a quarter of small companies ready for new Brexit border checks, says trade body Source link Only a quarter of small companies ready for new Brexit border checks, says trade body

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