With political interventions likely to continue, it is essential to address customer concerns regarding visibility, accuracy, and fluctuating costs. Operating compliantly has never been so essential, and unfortunately with customs-related matters, non-compliance can go undetected. We are urging our clients to ensure they are audit-ready at all times as customs authorities are particularly active.
Bryan Stocker
Head of Trade and Customs Consulting UK for Maersk
Initiatives such as these can help to mitigate the impact of Brexit regulations:
Bonded warehouses or exemptions from returns can help to minimise risks.
Freeports present another opportunity for UK companies. These designated areas, often located near ports or airports, exempt goods from customs duty and VAT until they are brought to market from a freeport.
Regarding Delivery Duty Paid (DDP) terms, it is crucial to note that the seller is responsible for customs clearance at the destination. This entails certain liabilities and risks that should be avoided. Having a European network that covers both sides of the English Channel can be immensely helpful to minimise complexity for companies.
With forthcoming political interventions such as the latest updates to the Northern Ireland Protocol, it is essential to address customer concerns regarding visibility, compliance, and fluctuating costs. Centralising customs processing, particularly in digital form, can ensure transparent compliance and facilitate the smoothest possible flow of goods.
As a company, it is crucial to stay informed and prepared for the logistics impact posed by Brexit. With a well-established framework encompassing potential solutions for customs issues and ensuring a seamless flow of the supply chain, the groundwork has been laid to effectively handle the ongoing challenges.
Source link : https://www.maersk.com/insights/resilience/2023/07/14/brexit-logistics-impact
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Publish date : 2023-07-14 07:00:00
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