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Post Brexit reviews: VAT and Customs Duty impact on your supply chains

A number of months have passed since the UK formally left the EU, so it is now a good time to review whether or not business preparations had been effective, or whether some of the changes had been unexpected.

Whilst generally businesses felt they had prepared as best they could, it had been difficult to manage the expectations of trading partners in the EU. The last-minute Trade Agreement presented a great deal of confusion, not helped by misleading media coverage claiming ‘tariff-free, quota-free trade’ between the UK and the EU. Most attendees also reported difficulties in finding clearance agents, as well as agents experiencing problems themselves with completion of the necessary declarations.

Source Crowe

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