With 2019 fast approaching, the planned date for Britain leaving the European Union, businesses are trying to establish safeguards and plans that will allow their companies to remain open. UK businesses are looking to protect themselves, but they are in the dark as to how this move to leave the EU will impact them.
With nonsense phrases being batted around like ‘soft Brexit’ and ‘partial Brexit’ with no definitive plans or decisions being released, businesses are needing to be cautious. As the time goes on more questions are being raised than answered, how will SMEs be impacted? If we leave the single market, will the tariffs be too steep to trade with the EU?
ParcelHero has been operating in the EU and outside for a number of years. The Head of Consumer Research at the company and former Editor of Logistics & Transport Focus, David Jinks, has revealed a number of tips that are intended to help companies prepare as best as they can for Brexit. David Jinks is also a member of The Chartered Institute of Logistics & Transport.
The assistance that has been released by David Jinks on behalf of ParcelHero could help companies speed up border control checks as well as avoid any steep new tariffs that could be introduced for trading with the EU. The tips included becoming more informed about; EORI Numbers and HS Codes; Zero Heroes, or the products that don’t attract any duty through trading with the EU; Dealing with VAT at the borders; improving their understanding of carnets; the process of delaying duty and import payments, or paying them in advance. The main advice that has been given by ParcelHero is to look beyond just trading with the EU to the opportunities that are on offer in the USA, BRICS na d other countries in the commonwealth.