Brexit update from Thyme-IT
As part of our continued monitoring of Brexit and its impact in Ireland, Thyme-IT met with the Customs Division of Revenue recently to review the current state of the Brexit negotiations and the implications for businesses that trade with the UK and/or ship goods through the UK. In summary, the following was identified:
AEP and ICS (Import / Export declarations)
If you export goods to the UK or import goods from the UK, it is likely you will have to submit customs declarations after the UK leave the European Union. If the UK exit date is the end of March 2019, the existing customs rules and procedures, based upon the current UCC, will provide for all customs declarations and movement of goods between Ireland and the UK. Revenue are ready for this and their current systems will accommodate all existing declarations identified within the UCC. If the UK exit is at the end of 2020, Revenue expect a new Import system to be in place in Ireland to accommodate all import requirements. Existing systems will accommodate all other declarations. Bulk declarations will be allowed for single consignments only, if multiple consignors/consignees then bulk declarations will not be accepted and the full details of each shipment must be declared.
NCTS (Transits)
If you ship goods through the UK then it’s anticipated that a transit declaration will be required. This is based on the assumption that the UK will apply to join the Common Transit System. This will avoid the need for SADs, duties and delays at border crossings.
EMCS (Movement of Excise Product within the EU)
Following the UK exit from the EU, it is expected that EMCS will no longer apply to the movement of duty-suspended excisable goods (Alcohol, Tobacco and Oil products) between the UK and other EU states. The EMCS transactions will be replaced by SAD or Transit declarations.
Both the Revenue and Thyme-IT systems will accommodate the needs of all traders and additional processing capacity will be put in place to cater for any increased volumes of declarations.
About Thyme-IT
Thyme-IT specialise in the development and implementation of mission-critical Customs & Excise solutions based on the latest web-based and handheld technology. All Thyme-IT’s C&E solutions are compliant with Irish Revenue & HMRC requirements.
If you have any questions regarding Brexit or would like more information on the Thyme-IT Customs & Excise solutions, please contact Steve Breen or the Thyme-IT C&E team at 01 206 0010 or at the email address below.
