Moving goods to and from the EU was once incredibly similar to buying or selling within the UK. Since Brexit, organisations are realising regulations changes have made the process far more difficult.
There are a number of ways, however, that you can make sure your procedures run far more smoothly:
Do you have a registered EORI number? A number of businesses have been auto-enrolled by the UK government, but it is crucial you check this has been completed.
Harmonised System (HS) Codes
HS is a list of tariff numbers that identify products. Recognised across the world, these codes determine how much customs duty you pay, so it is very important that the HS code assigned is correct.
All shipments require export declarations and there is a chance that HMRC will check the data on the invoice matches the data on the declaration and goods.
It is wise to avoid using Incoterms that mean you must take responsibility for EU customs formalities.
- Exports: Use DAP instead of DDP
- Imports: Use FCA instead of Exworks
EU Importer of Record
If your EU buyer is not handling clearance and you are selling on DDP / DDU terms, you must have your own registered EU company to act as your importer. Alternatively, you can appoint a Fiscal Representative with Importer of Record services.
Need help with your movement of goods into the EU? For an informal discussion about your shipping requirements, please get in touch today. Our highly experienced teams are here to help!