The UK left the EU on 31st January 2020 and is now in the transition period.
The UK and European Union leaders signed the Withdrawal Agreement during January 2020 and the UK is now in the period known as transition/ implementation. This period is ‘business as usual’ as the UK is still covered by EU rules into the end of this year.
By 2021, the UK aims to have agreed a deal on future arrangements with the rest of the world and the European Union.
HMRC has contacted UK businesses who may import and export between here and the EU to explain how this affects them and what they can do in order to prepare for changes to customs arrangements.
No Change
The implementation period is between February 1st and December 31st. HMRC has confirmed that there will strictly be no changes to the terms of trade during this time.
Terms of trade and custom arrangements will change from January 1st 2021. HMRC is trying to help UK businesses prepare for this change and is advising them to:
- make sure they have a UK Economic Operator Registration and Identification (EORI) number
- prepare to make customs declarations
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