Posted: Tue 14th Dec 2021
Since the UK’s transition out of the EU and the signing of the UK-EU Trade & Cooperation Agreement, rules of origin have become an important consideration in trade with the bloc.
To claim zero duty, goods must be clearly UK origin. There are complex rules in the agreement as to what constitutes UK origin, and the evidence exporters are required to hold.
Up until now, these rules have been applied by customs authorities with a ‘light touch’, but from next year businesses must hold the required evidence to support their claim for origin. This may be more complicated and time-consuming than it sounds.
Are you prepared? Without the evidence duty could become due on your goods and even shipments from 2021 could incur retrospective duty.
Watch back this recorded Lunch and Learn webinar with Mike Wilson, who dives deep into a further understanding of the requirements and knows what you need to do to prove the origin of your products.
Take the first step to successfully starting and growing your business.