BREXIT – are you worried about the customs duty costs post Brexit?
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Transitional Simplified Procedures (TSP)

Transitional Simplified Procedures (TSP)

In a no-deal Brexit, UK businesses that import goods will need to apply the same procedures to EU trade that apply when trading with the rest of the world.  HMRC has introduced transitional simplified procedures to help businesses import goods from the EU.

 

When you import goods from the rest of the world, they’re not released from customs control until you’ve declared them and paid import duties and VAT.

 

Using transitional simplified procedures to import goods from the EU will delay:

 

  • submitting your full declaration by letting you submit less information at the time the goods enter the UK
  • paying import duties and VAT.

 

To use TSP you must register with HMRC:

 

https://www.gov.uk/guidance/register-for-simplified-import-procedures-if-the-uk-leaves-the-eu-without-a-deal

 

Contact us to find out more and the software you may use to record and manage your imports under TSP