From 1 January 2022, when full customs controls are introduced, the option to delay declarations without an authorisation from HMRC will no longer apply. You will need to choose to make full customs declarations when you import goods or to be authorised to make simplified declarations. You may want to use an intermediary to help you, but if you choose to make your own customs declarations you will need to start preparing now.
See: Brexit: guidance for businesses – GOV.UK
In this current economic climate, it is essential that businesses put in place measures to help them adapt to the market changes. Businesses must also keep a constant lookout for risk factors in their supply chains which could mean the difference between success or failure. By recognising and acting on the warning signs at the earliest possible opportunity you will be able to re-evaluate, improve and, where necessary, restructure your personal or business’ financial affairs.
At Beavis Morgan, our specialist advisers to SMEs are able to assist with all aspects of business performance including putting adequate measures in place to protect the health of your business, both now and for the future.
Contact your usual Beavis Morgan Partner for further information about how we can assist you and your business or email info@beavismorgan.com.