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HMRC accelerates 95,000 firms onto simplified import procedures

Tuesday October 15th, 2019

Transitional Simplified Procedures will make importing after Brexit on 31 October much simpler, particularly for businesses that would be completing customs processes for the first time.uk_map_6488184XSml

HM Revenue and Customs (HMRC) has automatically registered 95,000 businesses for its simplified import procedures allowing most traders up to 6 months to pay import duties and submit customs declarations, if the UK leaves the EU without a deal on 31 October 2019.

The scheme, known as Transitional Simplified Procedures (TSP), will make importing after Brexit on 31 October much simpler, particularly for businesses that would be completing customs processes for the first time. Up to now, businesses have had to apply for it – over 30,000 had previously registered.

This TSP scheme will allow most businesses up to 6 months to send in customs declarations and pay any customs duties to HMRC after importing goods from the EU. This will prevent congestion at the border when goods enter the UK.

The government has chosen to automatically enrol VAT-registered businesses that import from the EU into the TSP scheme as it is the best option for businesses that are new to customs processes and haven’t yet appointed a customs agent. Businesses that are not registered for VAT should apply for the scheme if it would benefit them.

Businesses registered for TSP today are UK-based traders that HMRC has a record of having imported goods from the EU in 2018.

HMRC has sent letters to these traders with further details of their TSP registration, and they only have to take a few simple extra steps – such as checking if their goods attract tariffs, and getting a Duty Deferment Account if they do – to make sure that they are ready for 31 October.

Importers do not have to use TSP: they still also have the option to use full import processes instead. However, HMRC strongly advises traders new to dealing with customs to take advantage of the benefits of TSP.

The UK remains committed to ensuring the country’s borders remain secure, and simplified customs measures will not change that. Border Force will continue to carry out intelligence-led checks.

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