Preparing your business for after the transition period

 

If your business is sending or receiving items from the EU we can help, whatever the outcome of the Brexit negotiations.

 

Sending items abroad

At the end of the transition period, the EU may treat UK imports as it does non-EU imports today. This will likely mean:

For all international items

  • Customs Declarations (CN23s or Commercial Invoices)
  • Mandatory Electronic Customs Content Data
  • Customs clearance fees

For commercial goods under €22 into the EU

  • No VAT applied
  • The €22 threshold for commercial goods (LVCR) remains until 1st July 2021

For commercial goods over €22

  • VAT applied at the border
  • Goods valued over €150 may attract duties

Whatever goods you are selling, take a look at our ‘Guide to Getting Brexit Ready’ to understand the different export options we offer.

 

Receiving items from abroad

At the end of the transition period, we expect the UK to treat EU imports as it does non-EU imports today. Additionally, the UK government has announced changes to the current rules for VAT on parcels. This will likely mean:

For all international items

  • Customs Declarations (CN23s or Commercial Invoices)
  • Mandatory Electronic Customs Content Data
  • Customs clearance fees

Commercial goods between £0 - £135

  • VAT paid directly as if the seller is in the UK

Commercial goods over £135

  • VAT and duties will apply and VAT can be charged at the border (as for non-EU imports now)

For full details, visit HMRCs policy paper on changes to VAT treatment of overseas goods sold to customers from 1st January 2021.

We will provide more information in due course. In the meantime, please keep up to date with the government’s advice on leave the EU here.

Why more people choose Parcelforce Worldwide