A LOGISTICS is providing customers:
Summary of the UK and EU trade deal terms , effective 1 January 2021
1. Customs Declarations will be required from 1 January 2021 for shipments between Great Britain and the European Union (and vice-versa).
Although the EU-UK Trade and Cooperation Agreement refers to ‘zero tariffs’ (zero customs duties), this doesn’t replace the need to generate a Customs Declaration and so a Commercial or Pro-forma Invoice is required.
The trade deal only applies to Customs duties, meaning that in most cases Customs duties will not be applied to goods fulfilling all necessary “rules of origin” requirements. However, VAT will still be levied.
Customs declarations are therefore required for goods to clear the border, as the UK will have left the single market and the customs union. Country-specific restrictions will still be in place and any associated licenses will also be required.
2. Rules of Origin Requirements: in order to benefit from the EU-UK Trade Agreement ‘zero tariff’ (zero Customs duties), it’s essential that you provide evidence of the country of origin in the Commercial or Pro-forma Invoice, you can use such self declaration based on relative documentary proof:
The exporter of the products covered by this document (Exporter Reference No.*) declares that, except where otherwise clearly indicated, these products are of ... preferential origin.
Place and date**/Name of the exporter
Important! The goods Country of Origin must be calculated and recorded accurately, and it is your responsibility to do this.
3. The Exporter Reference No. is required for all UK to EU shipments (this reference is the Exporter's GB EORI number).
For shipments from the EU to the UK, the Exporter Reference No. (this reference is your REX number) is only required where the value of the shipment exceeds 6,000 EUR / £5,700.
4. Changes to UK VAT regulations as of 1 January 2021, as this regulatory change is not part of the EU-UK Trade and Cooperation Agreement, and applies to shipments being imported into the UK from any country worldwide.
This means that most shipments valued at more than £135 will attract VAT on importation from any country, including the EU.
For shipments with a value of £0-£135 when being sold by businesses to consumers in the UK, VAT will need to be collected at the point of sale and will therefore be the seller’s responsibility
5. Northern Ireland customers can continue to trade as you do now, as customs paperwork will not be introduced when trading with the EU. For customers sending goods between Great Britain and Northern Ireland
Please contact us:
A LOGISTICS LTD
Tel +35924398050
Mob +359888555493