HM Revenue and Customs (HMRC) announced transitional simplified procedures (TSP) in the event of a no deal Brexit, for companies established in the United Kingdom that import products from the EU.

TSP for customs will make importing easier for an initial period of one year (if the United Kingdom leaves without a deal). This TSP gives businesses time to prepare to use the full customs processes that already apply to imports from non-EU countries. Businesses have to register for TSP. Once registered they will be able to transport goods from the EU into the United Kingdom without having to make full customs declaration at the border. Another advantage of using the TSP is that businesses will be able to postpone paying any import duties.

Requirements for the use of TSP

HMRC sets a number of requirements for businesses that can register for TSP. The requirements are as follows:

  • You will need to have an EORI number;
  • You are established in the United Kingdom;
  • You are importing goods from the EU into the United Kingdom.

HMRC emphasizes to get an EORI number before the Brexit. This number is crucial to be able to trade after the United Kingdom leaves the EU without a deal.

Written by:

Belastingadviseur Henk van Assen

Henk van Assen LL.M.

Tax advisor and VAT specialist