{"id":3799,"date":"2020-11-05T16:06:19","date_gmt":"2020-11-05T16:06:19","guid":{"rendered":"http:\/\/www.bainesjewitt.co.uk\/blog\/?p=3799"},"modified":"2020-11-05T16:06:21","modified_gmt":"2020-11-05T16:06:21","slug":"hmrc-urges-businesses-to-act-ahead-of-end-of-transition-period-to-avoid-disruption","status":"publish","type":"post","link":"https:\/\/www.bainesjewitt.co.uk\/blog\/hmrc-urges-businesses-to-act-ahead-of-end-of-transition-period-to-avoid-disruption\/","title":{"rendered":"HMRC urges businesses to act ahead of end of transition period to \u201cavoid disruption\u201d"},"content":{"rendered":"<p>HM Revenue &amp; Customs (HMRC) has written to over 250,000 VAT-registered businesses urging them to \u201cact now\u201d ahead of the end of the Brexit transition period.<!--more--><\/p>\n<p>The letter, found <a href=\"https:\/\/www.gov.uk\/government\/publications\/letters-to-businesses-about-new-trade-arrangements-with-the-eu-from-1-january-2021\">here<\/a>, outlines the actions businesses need to take to \u201cavoid disruption\u201d to their business from 01 January 2021, as customs processes are \u201ccomplicated and can take several weeks to set up\u201d.<\/p>\n<p>According to HMRC, these include:<\/p>\n<ul>\n<li>Hiring or training a customs intermediary to complete and submit import and export declarations<\/li>\n<li>Applying for a duty deferment account, enabling duties to be paid once a month rather than on individual consignments<\/li>\n<li>Register for the free-to-use Trader Support Service if you plan on moving goods into Northern Ireland from 01 January 2021<\/li>\n<li>Preparing to pay or account for VAT on imported goods<\/li>\n<li>Ensuring you have International Driving Permits, and<\/li>\n<li>Applying for a GB Economic Operator Registration and Identification (EORI) number.<\/li>\n<\/ul>\n<p>The guidance comes after the Government confirmed that the new Border Operating Model \u2013 which includes the new tax and customs regimes &#8211; would come into effect at the end of the Brexit transition period, regardless of \u201cwhether or not a Free Trade Agreement has been negotiated\u201d.<\/p>\n<p>Commenting on the new Border Operating Model, an HMRC spokesperson said: \u201cWe understand that these are challenging times, but time is running out for businesses to get ready.<\/p>\n<p>\u201cNew customs and tax rules will not change or go away if a Free Trade Agreement is negotiated, so businesses should act now to ensure they are ready for the end of the transition period.\u201d<\/p>\n<p><strong>For help and advice on any related matters, please get in touch with our expert team today.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HM Revenue &amp; Customs (HMRC) has written to over 250,000 VAT-registered businesses urging them to \u201cact now\u201d ahead of the end of the Brexit transition period.<\/p>\n","protected":false},"author":2,"featured_media":3801,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,30,5,63,73,28,25,4,26,7,52],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3799"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=3799"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3799\/revisions"}],"predecessor-version":[{"id":3800,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3799\/revisions\/3800"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media\/3801"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=3799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=3799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=3799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}