Customs Countdown to Brexit

BLOG19th Jan 2018

When Theresa May and Jean-Claude Juncker signed up to the Joint Report of the negotiators for the EU and the UK Government on 8th December 2017, this signalled the conclusion to Phase 1 of the Brexit process allowing the negotiations to move on to phase 2.

The 15 page agreement for Phase 1, billed as the Divorce settlement, addressed the following three key areas:

  • the rights of citizens in each jurisdiction;
  • the unique status of Northern Ireland; and
  • the financial settlement.

What it does not address is the terms of trade that will apply from March 2019.

However, we have had a number of options identified by the UK’s negotiating team, ranging from the World Trade Organisation (WTO) option through to David Davis’s “Canada plus plus plus”.

Regardless of the final solution, businesses need to start to consider what Brexit will mean to their business and procedures.

To assist, we will be hosting the first in a series of Customs Duty Breakfast seminars at our flagship offices at Prime Four Business Park, Kingswells during which we will:

  • Look at the current position for UK businesses following the Union Customs Code implementation; including an overview of the main regimes that apply
  • Discuss the Customs Duty issues that will arise regardless of Brexit, such as:
    • Approvals and licence renewals;
    • Record keeping and reporting requirements
    • HMRC audits
  • Consider the time line to Brexit; and
  • Outline what businesses should be considering and how AAB can assist.

Who should attend?

The seminar is aimed at tax, finance and logictics staff who are involved in cross border movements of goods

Date:   Tuesday 6th March 2018

Venue: Anderson Anderson & Brown LLP, Kingshill View, Prime Four Business Park, Kingswells, Aberdeen, AB15 8PU

Time:   7:30am arrival for breakfast, seminar 8:00am – 9:00am close

To book a place, please contact us here.

How AAB can help you with

Corporate Tax

Corporate Tax covers a broad and complex area of tax legislation, so we provide a suitably broad and comprehensively experienced team to support your business with pragmatic, commercial advice. Businesses of all sizes and types, and across a wide range of sectors, benefit from our comprehensive corporate tax compliance and advisory service. We have exceptionally knowledgeable tax teams distributed across our offices, ready to support you with their wealth of experience and expertise. We can manage your global tax exposure with a coordinated response that saves you having to seek advice from separate advisors.

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How AAB can help you with

International Services

If you’re facing multi-jurisdictional challenges around global mobility, tax, employer responsibilities, accounting or other issues, we’ll save you the hassle of searching for international advice – the right people are already available in our expert teams and across our Reach Network. AAB works with multinational clients across the globe, so it’s only logical that we have a comprehensive and highly effective support network that work alongside our International teams to serve them, wherever in the world they operate.

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