Importing from China if No Deal Brexit

[Lee Gauntlett]

I currently import 95% of my goods from China but would like to a understand what is going to happen if there is a No deal brexit - a little late to be worrying but does anyone know what the governments plan is? Will it be smooth? Extra Costs? Late deliveries? If anyone know and can provide a clear understanding - id love to hear from you.

 

[Mr D]

Presumably very similar as current.
Customs checks, money to be paid etc.

Government plan I suspect focuses more on stuff that was previously smooth flow of goods without checks needed.
Is your stuff coming into a UK port direct or via another EU port?

 

[OMGVape]

In your case it’s called Blexit.

 

[Lee Gauntlett]

Presumably very similar as current.
Customs checks, money to be paid etc.

Government plan I suspect focuses more on stuff that was previously smooth flow of goods without checks needed.
Is your stuff coming into a UK port direct or via another EU port?

I import via international courier companies - DHL, TNT, UPS, FEDEX....all of which stop in a European Hub first before moving the goods onto the UK

 

[Mr D]

I import via international courier companies - DHL, TNT, UPS, FEDEX....all of which stop in a European Hub first before moving the goods onto the UK

There - may encounter delays.
The companies may make arrangements to get the stuff delivered to a UK port direct but I haven't heard anything either way about changes by most couriers.

 

[J Ali]

Based on todays feedback you should find it cheaper to import and not notice any affects.

 

[Deleted member 302361]

Whilst the freight may go into an EU hub, they are in transit, so providing the courier company correctly declares them as in transit (usually in advance) then other than security checks or specifically targeted intelligence checks they should move as normal (Customs get manifests in advance, which helps to speed the process).

 

[Import Expert]

It's looking almost certain that 'No Deal' is off the table now. however, if we were to crash out on the 29th March you would probably be better off in the short term. International Ports are unlikely to be affected by delays, import Duty would be zero rated on the vast majority of products into the UK for a temporary period and import VAT will be postponed, so no need to pay up front.

 

[Mr D]

It's looking almost certain that 'No Deal' is off the table now. however, if we were to crash out on the 29th March you would probably be better off in the short term. International Ports are unlikely to be affected by delays, import Duty would be zero rated on the vast majority of products into the UK for a temporary period and import VAT will be postponed, so no need to pay up front.

Isn't it great that 'No deal' is off the table while we are currently due to leave in 2 weeks without a deal?
All that hoorah about voting on deals and all they had to do was declare that 'No deal' is off the table.
Its enough to have a celebratory drink.

 

[Newchodge]

does anyone know what the governments plan is

The government doesn't even know what the government's plan is!

 

[Deleted member 302361]

This link clarifies what is to happen with Import VAT - Note that it refers to businesses or persons registered for VAT


https://www.tax-news.com/news/UK_Legislates_For_Postponed_Import_VAT_Accounting____97014.html

 

[Guy Incognito]

We import our products from China. The negative that we envisioned was more to do with currency movements (a weak £ would make manufacturing more expensive as we buy in $) but to be honest the £ has been weak since June 2016 so most of that has been priced in.

In terms of delays, tariffs etc from the document I saw this week we would actually save quite significant sums due to proposed tariff cuts.

We import containers of goods so were not expecting any problems. Likewise we sell 95%+ domestically so didn't see any risks there either.

 

[CHUKTC]

If we leave with no deal this is the latest advice from HMRC https://www.gov.uk/guidance/check-temporary-rates-of-customs-duty-on-imports-after-eu-exit
If we have a deal it's likely t remain the same in the short to medium term and if we delay it stays the same foe the duration of the delay.
A mess? yes but if you are trading outside the EU you will be much less affected whatever happens compared to those trading with Europe. Most goods from China enter UK via Felixstowe which is itself a mess but its unlikely to change much in the near future. UK transport costs are starting to rise due to shortages of European trucks and drivers which will affect everyone moving goods in UK.

 

[menetworkjadaltd]

It's looking almost certain that 'No Deal' is off the table now.

it may not be our decision.

 

[apricot]

This is what I received today from my accountant

Dear Seller,


We are contacting you regarding the Brexit as the consequences will most probably have an impact on the VAT compliance of your firm.

In case of a no-deal Brexit, a fiscal representative must be appointed in several EU countries for UK based companies. We are sending a summary attached showing you the countries in scope and the respective fee of the service for fiscal representation. If you are registered for VAT in any of the listed countries please bear in mind that this service might become applicable for you after a no-deal Brexit.

Additionally, please be informed that if you do not have an EORI number, you should consider applying one. HMRC has confirmed that the UK EORI numbers will be accepted in the EU in the future too. You need the EORI for importing to the EU or to the UK. This can mean inventory movement between the UK and the EU too after Brexit. Should you need assistance in opening an EORI number, feel free to contact us. We are providing this service for EUR 150/GBP 130. Important note is that if you already have an EORI number, you do not have to request a new one. Actually customs can reject your request for applying an EORI if you already have one.


We hope you will find the above information useful.


We remain at your disposal.

 

[Newchodge]

We are providing this service for EUR 150/GBP 130.

For filling in a form?

 

[apricot]

Rip of prices

 

[Mr D]

Rip of prices

Rip?
Death or something else?

 

[apricot]

rip of"f"