The Brexit referendum has caused a lot of uncertainty for businesses trading with the European Union. The vote to leave the EU has created a lot of confusion about the future trade relationship between the UK and the EU, and this is causing delays and problems with shipping goods between the two regions.
If you’re an e-commerce vendor doing business in the UK, you may already have faced shipping delays and pitfalls. At the end of the Brexit transition period, new customs and VAT rules will apply to all shipments from the UK to the EU. In order to comply with the new rules, businesses must follow the following:
- Applying for a VAT number
- Registering for a customs ID
- Filling out customs declarations
- Paying VAT and customs duties