Business slow with Brexit preparation?

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Business slow with Brexit preparation?

This week the government has decided to ask the EU for more time on Brexit.  There is some doubt as to whether the other EU heads will approve the requested deadline extension to June.  All the noise from the continent suggests they will insist the withdrawal agreement is approved by parliament, before any extension can be granted.  This still seems far from likely.

Meanwhile, the BBC has reported some figures indicating the progress of traders registering for schemes to assist them after Brexit.

In the two and a half years to January this year, HMRC received 749 applications from businesses for AEO (Authorised Economic Operator) certification.  Of these, only 365 authorisations were actually granted.  How many of the 749 were repeat submissions from the same business is unknown.

Transitional Simplified Procedures (TSP) were announced in February this year to facilitate Ro-Ro traffic in a ‘no-deal’ scenario.  HMRC encouraged 145,000 VAT registered businesses to apply, but by mid-March there had been less than 8,000 applications.

Perhaps most concerning, is that out of an 240,000 traders believed to need an EORI number, HMRC report just 57,000 registrations by 8 March.

Whilst the frustration of Brexit politics drags out the uncertainty, it is essential to be ready for any outcome.  See below for further details, and a link to the latest government advice:

BBC: Less than half of trusted trader applications approved

Government advice to business

 

By |2019-03-21T09:11:23+00:00March 21st, 2019|Brexit, News|Comments Off on Business slow with Brexit preparation?

About the Author:

David joined UKCS in April 2016, where he supports the CFSP bureau. David began his career in customs compliance at CEVA (formerly EGL) in 2004. His main areas of competency are CFSP, bonded warehousing, IPR and both import and export procedures. He has managed accounts for clients from a diverse variety of industries, including aerospace, engineering, clothing, food and children's toys. David enjoys watching films, upgrading his PC, and has a keen interest in news and current affairs. He has a BA in Politics from the University of Essex, and is married with five children.