The UK left the European Union on 31 January and a transition period is now in place until 31 December 2020. Following this transition period, a number of changes will come into place that will have an impact on some tasks colleagues carry out, including the supply of goods.
Colleagues purchasing goods from European Union countries after 1 January, need to be aware that, in the absence of a trade agreement, goods will be assessed for Customs Duty under the new UK Global Tariff regime.
This means that where goods currently move freely between countries, they will no longer be able to do so and where the new Global Tariff regime has a duty rate above 0%, there will be an additional cost to purchasing goods from the EU.
In addition, goods will be held at the point of entry until payment of any duty and VAT has been made to the importing agent. Find out more about the supply of goods after 31 December 2020 on the government website.