Brexit Analysis and Implications for Specialist Retailers

On 31 January 2020, the UK officially left the EU, however, the UK enjoyed a transition period through the rest of 2020 whereby as of 1 January 2021, the UK left the EU Single Market and Customs Union. As a result, the UK no longer benefits from frictionless free movement of goods. Manifestly, the intra-EU movement of goods between two member states, no longer applies for the UK. However, in an attempt to reduce the friction and facilitate the transfer of goods between them, the UK and the EU have agreed a Trade and Cooperation Agreement (TCA) which allows the movement of certain goods between them with zero traffic and zero quotas. Trade with Northern Ireland is governed by different rules contained in "Protocol on Ireland and Northern Ireland".

As your trade organisation we have consulted third parties to create a report on how the TCA affects the ecommerce and multi-channel retailers when importing goods between UK and EU countries.

Information on what the report contains is listed below, to download the full report scroll to the bottom of this page and login.

INDEX

1. INTRODUCTION

2. TRADING OF GOODS BETWEEN UK AND EU FROM 1 JANUARY 2021

3. SELLING TO THE EUROPEAN UNION

• EORI numbers
• VAT
• Custom duties and Rules of Origin
• DAP / The consumer is responsible for importing goods into Europe
• DDP / The UK retailer is responsible for importing the goods in EU and the
• Rules of Origin
• Customs declarations
• Logistics and delivery

4. BUYING FROM THE EUROPEAN UNION (FOR GB ONLY)

• EORI numbers
• Import Duty and Rules of origin
• Import VAT
• Import VAT on Imported sales not exceeding £135
• Impact of new VAT on imports from EU
• Import custom declarations
• Duty deferred accounts

5. TRADING WITH NORTHERN IRELAND

• Goods moving from GB to Northern Ireland.
• Declaration for Goods moving from GB (England, Wales, Scotland) to NI

6. PRODUCT SAFETY MARKINGS - UKCA AND CE MARKS

• Selling goods in the EU
• When to use the UKCA marking
• UK Declaration of Conformity
• Categories
• Future use of markings in the UK

7. CONCLUSION/CHECKLIST/CONSIDERATIONS FOR RETAILERS

8. FURTHER INFORMATION

View the full report

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