The UK Brexit transition period ended on 31 December 2020. New rules apply from 1 January 2021. This page brings together guidance and news from ICAEW, as well as externally-produced resources providing practical information on inventory planning and supply chain issues.
Brexit provides an opportunity for businesses to consider the information they hold on their supply chains/inventory as well as their approach to continuity planning. Read our guide to assist you in balancing the costs of these exercises with the potential benefits.
Read the full programme for ICAEW Virtually Live 2021
Read our quick-start guide, outlining a variety of areas that could impact your business post Brexit.
The coronavirus pandemic, global freight transport costs and other pressures on agri-food supply chains are cited as reasons for a further delay to introducing border controls for incoming goods from the EU.
4 January 2021: While the UK-EU trade deal is a positive step towards ensuring the ongoing flow of goods between the two partners, many questions remain on how it will affect business operations in the current COVID climate.
10 November 2020: With less than 30 working days to go until the Brexit transition period ends, ICAEW Tax Faculty delved into all things VAT and customs for a special webinar covering the impending changes to import and export rules.
21 October 2020: The Brexit conversation used to revolve largely around processing forms. Now it is more about the CFO grasping that Brexit is a key part of business resilience. This is this view of Tim Morris, Chief Executive of UK Major Ports Group.
12 October 2020: With new border processes and controls approaching regardless of any deal with the EU it is critical that the UK prepares now, urges UK Major Ports Group.
30 September 2020: As the Brexit transition period nears its end, businesses in the UK and EU face a number of VAT issues that need to be addressed, says indirect tax expert Stephen Dale, FCA.
Brexit provides an opportunity for businesses to consider the information they hold on their supply chains/inventory as well as their approach to continuity planning. Read our guide to assist you in balancing the costs of these exercises with the potential benefits.
This webinar, in partnership with MHA, delivers insights into various types of export supply chain scenarios and highlights areas that UK businesses must consider as part of their Brexit planning to avoid unnecessary delays or compliance failures.
This 45-minute session with the Institute of Export and International Trade and Bibby Financial Services will update traders on the state of global trade as economies exit Covid-19 lockdowns and the UK adapts to new trade rules with the EU.
Bite-sized summaries explaining the actions and decisions that SMEs need to take when importing and exporting, providing services in the EU, travelling for business, trading and moving goods in and out of Northern Ireland, hiring EU citizens, and protecting data and IP. Includes a useful glossary of terms you need to know and helpline numbers.
From 1 January 2020, the revised set of eleven Incoterms apply and businesses trading cross borders are able to incorporate them into their sales contracts. Here we look at what they are, why they matter, how they have changed, and explain how they if applied correctly, can expedite your cross-border shipments and enhance supply chain agility.
Suite of on-demand short videos from UK government for businesses on importing, exporting, rules of origin, tariffs, providing services to EU markets, Northern Ireland, data handling, hiring staff, and selling goods. Sector-specific videos also cover chemicals regulations, IP, emissions, waste, and Horizon funding.
UPS Brexit resources page outlining how to ship between the UK and the EU, including a Brexit-Ready Toolkit and shipping manuals.
Guidance from the European Commission to help businesses prepare for changes to customs and tax from 1 January 2021, when the Brexit transition period will have ended. Includes relevant 'notices for readiness' and a Brexit checklist for traders (PDF, 1 page).
Tool from the UK Government to look up commodity codes, duty and VAT rates
Tool that allows you to identify customs tariffs, tariff rate quotas, trade remedies, regulatory requirements and preferential regimes applicable to your product. Includes a library of 400+ trade agreements. Funded by the EU and GRIPS.