New trade arrangements with the EU from 1 January 2021

HMRC has sent letters to VAT-registered businesses in Great Britain trading with the EU, or the EU and the rest of the world. They explain what businesses need to do to prepare for new processes for moving goods between Great Britain and the EU from 1 January 2021.

Measures explained in the letter include:

  • making sure they have a UK Economic Operator Registration and Identification (EORI) number
  • deciding how they will make customs declarations
  • checking if their imported goods are eligible for staged import controls.

Internet link: gov.uk letters

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Farrars Limited (trading as Farrars Chartered Accountants), Unit 1, Rectory Place, 37 Old Parsonage Lane, Hoton, Loughborough, Leicestershire LE12 5SG
Farrars Limited (trading as Farrars Chartered Accountants), Landmark Business Centre, Tudor Square, West Bridgford, Nottingham NG2 6BT

Company Reg No. 6630806 | Reg Office : 'Rectory Place address' as above | Registered in England and Wales | VAT No. 944 2828 06