Make the most of the Brexit implementation period

Now that the UK has left the EU, we have entered an implementation period that will last the rest of 2020, during which the UK’s future relationship with the EU will be agreed, giving businesses the chance to prepare for the UK’s new trading arrangements.

While much of the detail is still to be decided, we do know that businesses trading with the EU will need to do the following in the coming months:

  • Obtain an Economic Operator and Identification (EORI) number 
  • Decide whether to make customs declarations yourself or using a customs agent.

HM Revenue & Customs (HMRC) recently issued a letter to some VAT-registered businesses that explains these processes in detail.

Read the letter here.

For more information on making the most of the Brexit implementation period, contact us today.

Share...
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
Wilder Coe Ltd
Our mission is to care for each of our clients so that their expectations and goals are met and exceeded. So whether you’re looking for tax minimisation, wealth maximisation or simply a professional service with a personal touch Wilder Coe Ltd’s partner-led approach, combined with a commitment to developing an understanding of your business and a rapport with you and your staff, ensures that you and your business always get the right level of attention and service you need.

We are a multi-faceted practice providing a wide range of professional business services including accountancy, auditing and taxation. For more information, please contact us.