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HMRC Announcement Is Good Brexit News For Importers And Exporters, Says MHA MacIntyre Hudson

27th February 2019
Paul Brooks

Kent companies trading with the EU have received some good news with an HMRC announcement that a simplified import and export system will be implemented in the event of a No Deal Brexit.

The Transitional Simplified Procedures (TSP) aim to reduce paperwork in terms of documentation required at the ports and are intended to make it easier for businesses which import from the EU using roll on roll off (ro-ro) services through ports such as Dover, Ramsgate, Sheerness and the Channel Tunnel.

The new measures are designed to ensure inbound freight traffic through those ports keeps moving, reducing the threat of lengthy queues.

Sue Rathmell, VAT Director at the Kent office of chartered accountants MHA MacIntyre Hudson, said: “This is great news for businesses importing or exporting goods to and from the EU.

“Many will have been worried about what arrangements would be in place if the UK leaves the European Union without a deal on March 29th. With less than 50 days to go now, eligible importers and exporters should be registering their details and applying to take advantage of these new arrangements as soon as possible.”

TSP will allow businesses to defer giving a full import declaration when goods are crossing the border and defer paying any duty.

Sue Rathmell added: “There are a number of criteria companies must meet to be able to register for TSP. We can help businesses check that they are eligible and assist with the application process.

“We would emphasise that applications are open and businesses should be acting now to ease the burden in the event of a hard Brexit.”

For more information, visit www.macintyrehudson.co.uk or call 03330 100 220.

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