Retail – Let’s get going

Retail companies are being urged to get going on key actions as the UK counts down to its new trading relationship with the EU after 31 December.

 

The Department for Business, Energy and Industrial Strategy (BEIS) is holding a further series of webinars throughout November to help businesses understand the important actions they need to take to be ready by the end of the transition period.

 

Webinars are free and, depending on the topic being covered, take between 45-90 minutes. They will cover issues including personal conformity assessment, data and tariffs and rules of origin.

 

Here are the top three actions retail companies need to be taking to be ready for 1 January 2021:

 

  1. Use GOV.UK to identify how your business can be ready to sell certain goods in the UK and EU

You may not be able to sell your goods in the UK and the EU if you do not comply with the relevant goods regulations and standards from 1 January 2021.

 

Different web pages can give you further information, depending on the area your business operates in:

 

  1. Check if Import VAT is due at the border

Your business could face delays, disruption or administrative costs if you do not comply with new customs procedures from 1 January 2021.

 

Find out more about changes to VAT.

 

  1. Get ready to make customs declarations

Import and export declarations are complicated, requiring specialist skill, knowledge and IT. If you are not able to make declarations or provide the wrong information, your business could face delays, disruption or administrative costs.

 

Find out more about appointing customs declarations specialists.

 

Further information 

To register for upcoming webinars, or to watch previous sector-specific webinars on demand, visit bit.ly/UKTwebinar

 

Speak with your lawyer and accountant for more information, or visit the www.gov.uk/transition checker tool for tailored business information and to sign up for email updates.

 

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