How will Brexit affect customs costs?
Businesses which trade internationally faced significant uncertainty during the Brexit Transition Period as the UK negotiated its exit from the EU. As Brexit came into full effect on 1 January 2021, businesses now have to ensure that they are fully prepared for the challenges that will proceed.
The key question is: what impact will this change have on imports and exports in the post-Brexit environment; and in particular for Irish businesses?
We have outlined below the key customs and operational considerations that your firm need to consider:
- Changes to customs and the legislative framework
- Duty rates and payments impact
- Border Controls
- Vetinerary Checks
- Trade agreements with EU specific to Ireland and the UK
- Trusted Trader (AEO)
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Carol Lynch writes commentary on key Brexit updates in:
- The Importation of Composite Food products into the EU from 21/04/2021, 16th April 2021
- Export requirements for food operators trading with the UK, 11th March 2021
- The Custom Rules are Here to Stay, 21 January 2021
- Irish officials raise queries with EU over disruptive post-Brexit 'rules of origin', 18 January 2021
- Carol Lynch puts forward solution to “Percy Pig” tariffs problem, 15 January 2021
- Brexit compliance requirements just as prohibitive as tariffs, 14 January 2021
- EU Autonomous Tariff Suspensions Scheme, 14 January 2021
- Brexit | Update on EU-UK Trade and Cooperation Agreement, 04 January 2021
On Thursday 20th April, Carol Lynch joined RTE's "Open for Business" show which was live on RTÉ One. The show looks to provide useful advice and guidance for Irish businesses as they navigate the new Covid-19 world and you can re-watch the full episode on the RTÉ Player.
In the below extracts from the show, Carol discuss the impact of Brexit on businesses and consumers. Content adapted from RTÉ One twitter feed.
On 25 January 2021, Carol Lynch and Tony Connelly, Europe Editor, RTÉ, joined Cróna Clohisey, Public Policy Lead, Chartered Accountants Ireland to discuss the impact Brexit is having on businesses and the political dialogue.
The recording was carried out by Chartered Accountants Ireland remotely.
The recording was carried out by Enterprise Ireland remotely.
On 25 May 2017, Carol Lynch appeared before the Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach to discuss Brexit: Matters relating to Customs, Trade and Tariffs. She focused on the customs requirements and regulations which will impact on Ireland should the UK leave the Customs Union in 2019.
The session was carried live on Oireachtas TV, a clip of which can be viewed below. A transcript of Carol's submission can be found here.