A slew of new red tape will come into force from New Year's Day and will place a whole raft of new restrictions on trade between the UK and the EU. The changes could lead to higher costs for consumers in the UK, after months of price rises due to inflation and supply chain shortages.
From January 1, companies that import goods from the EU to the UK will not be able to take advantage of the six month grace period that allowed them to delay making customs declarations to HMRC and postpone paying any tariffs due. From Saturday businesses trading with the EU will have to pay up immediately, and customs declarations in the UK can no longer be postponed. The EU has told its member states that products exports to the UK that are required to carry veterinary health certificates, such as live animals, meat, dairy products, must pass a designated border control post in the UK. READ MORE: British farmer hails the EU split as the bloc tries to hamstring them
British farmer hails EU split as bloc tries to hamstring them The rules apply to high risk vegetable agricultural goods such as trees and perennials. To add to the slew of new red tape, Rules of Origin will be introduced, which are a key element of the UK's deal with the EU called the Trade and Cooperation Agreement TCA Now. If a company is importing or exporting goods, preferential tariffs can be applied. This means traders will have to prove where the goods have been grown, produced or manufactured.
The UK's INSIGHT 'Macron threats spurred London top financial centre focus on REPORT Calls to use the powers of the EU to scrap VAT to aid cost of living surge INSIGHT We have run a targeted campaign across print, radio and online to businesses to find the relevant information on the INSIGHT row over EU rules dictating parts of Britain. There are a series of sector-based webinars that are intended to help traders and hauliers get prepared. In order to give businesses time to prepare for the global pandemic, we announced earlier this year that we will introduce import controls in phases throughout 2022, which will be a requirement for supply chains in the UK and Europe. But traders are less convinced of the preparedness of UK businesses.