Inward Processing (IP) CPC changesEU Referendum - Brexit and HMRC
post-template-default,single,single-post,postid-8256,single-format-standard,mkd-core-1.0.4,,mkd-theme-ver-1.5.2,smooth_scroll,wpb-js-composer js-comp-ver-5.6,vc_responsive

EU Referendum – Brexit and HMRC – EU movement of goods


HMRC have published a statement concerning the movement of goods to and from the UK and the other 27 Member States.  So what does this mean for your business?

In effect nothing……………….  There will not be any change to any Trade Agreements within the EU or to the free movement of goods between the UK and mainland Europe and there will not be any change to the legislation (Union Customs Code) the UK customs authorities currently operate under.  As such it is “business as usual” until any future arrangements have been finalised and implemented.

The statement from HMRC is in the below:

  1. Background.

The result of the EU Referendum has been confirmed as a vote to leave the European Union (EU).

  1. Information for Businesses

As the Prime Minister announced, there will be no immediate change to the movement of goods and people in and out of the United Kingdom (UK) from the EU.

We are still a member of the EU. Until Article 50 is invoked, we will continue to engage with EU business as normal and be engaged in EU decision-making in the usual way. Once it is invoked, we will remain bound by EU law until the terms of our exit have been determined but we will not be involved in decision-making. The period between invocation of Article 50 and our eventual exit from the EU is expected to last at least two years.

Source HMRC