The World Trade Organisation (WTO) index suggests a huge rebound for trade after its decline in 2020.
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In Q1 2021, the value of exports of Dutch-manufactured goods to the United Kingdom was 24 percent higher than in the same quarter last year. At the same time, re-exports to the UK declined by 26 percent. As a result, total exports to the UK remained virtually unchanged. Total goods exports grew by 5 percent in the first quarter of this year. This is evident from provisional figures on international goods trade released by Statistics Netherlands (CBS).
The UK government admits that post-Brexit trade deals include clauses that could prevent companies benefitting from freeport tax breaks, affecting business worth up to £35bn annually.
Small and medium-sized UK businesses needing support on customs duties and VAT will be able to apply to the SME Brexit Fund for a grant of up £2,000 to pay for professional advice or training, confirms HMRC.
The SME Brexit Support Fund could give you up to £2,000 to help with training or professional advice, if your business has up to 500 employees and no more than £100 million annual turnover.
UPS details the Brexit implications for shipping from the UK to the EU.
UPS details the Brexit implications for shipping from the EU to the UK.
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.
30 December: HMRC has published guidance on the VAT treatment of transactions that are ongoing and goods that are in transit between Great Britain and the EU when the Brexit transition period ends on 31 December 2020.
UKEF launches the General Export Facility in partnership with UK’s leading commercial banks.