Regardless of the outcome of the negotiations on a free trade agreement, customs formalities for the movement of goods between the EU and the UK will have to be complied with as of 1 January 2021. Although the UK will provide simplifications concerning importation for a transitional period of six months, these will only apply to companies established in the UK. In our current Customs Newsletter you can find out about the consequences of the UK’s new customs and import VAT regulations for companies established in the EU.
Source KMLZ
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