• A question on information available through the EEF Brexit Tool Kit on tax andduty relief schemes available to business. Thank you NumaticInternational Ltd

    The Tariff implications model that is available on EEF’s Brexit Toolkit provides all the relevant information on relevant tax and duty relief schemes that are applicable to your business. Once all the relevant information has been uploaded into the self-audit trade tool, it will deliver a report. The report will reference all the relevant relief schemes.

    A video demonstration of the Toolkit is available here: https://www.brexittoolkit.co.uk/.





























  • A question on information available through the EEF Brexit Tool Kit on tax andduty relief schemes available to business. Thank you NumaticInternational Ltd

    The Tariff implications model that is available on EEF’s Brexit Toolkit provides all the relevant information on relevant tax and duty relief schemes that are applicable to your business. Once all the relevant information has been uploaded into the self-audit trade tool, it will deliver a report. The report will reference all the relevant relief schemes.

    A video demonstration of the Toolkit is available here: https://www.brexittoolkit.co.uk/.

























  • Numatic International has posted a further Question, asking if any official guidelines has been published that helps clarify the position for items that could come under multipleclassifications. For instance a ‘part of’ item that also has individualclassification? How would this affect spare parts vs finished goods? Oldterminology was established with the use of umbrella codes.

    Itis expected that HMRC will issue further and more detailed information to help inform UK business on the approach they will be adopting to multipleclassifications. It is advisable to use your existing HMRC contacts, and otherHMRC helpline facilities to ascertain when such guidance will be issued and importantly how it will be applied.








  • Numatic International has posted a further Question, asking if any official guidelines has been published that helps clarify the position for items that could come under multipleclassifications. For instance a ‘part of’ item that also has individualclassification? How would this affect spare parts vs finished goods? Oldterminology was established with the use of umbrella codes.

    Itis expected that HMRC will issue further and more detailed information to help inform UK business on the approach they will be adopting to multipleclassifications. It is advisable to use your existing HMRC contacts, and otherHMRC helpline facilities to ascertain when such guidance will be issued and importantly how it will be applied.








  • A great question from Numatic International Ltd which required a bit of investigation as it is an excellent example of some of the EU procedures which are expected to be brought into UK law through the secondary legislative process.


    • What happens to the Intrastat report after March the 29th? Numatic International Ltd


    Under a deal scenario the transition period will provide for EU procedures to continue so the Intrastat provisions will continue to apply until the end of the transition period. In addition the Government have tabled a secondary legislative Statutory Instrument called ‘The Statistics of Trade (Amendment etc.) (EU Exit) Regulations 2018’ The purpose of this instrument is to amend EU regulations which are being brought into force in the UK by the EU Withdrawal Act, to ensure that UK legislation is in place to collect information required for trade statistics after the UK leaves the EU. I would also recommend contacting HMRC to ask if there will be any changes to the collection of this data.
  • A great question from Numatic International Ltd which required a bit of investigation as it is an excellent example of some of the EU procedures which are expected to be brought into UK law through the secondary legislative process.


    • What happens to the Intrastat report after March the 29th? Numatic International Ltd


    Under a deal scenario the transition period will provide for EU procedures to continue so the Intrastat provisions will continue to apply until the end of the transition period. In addition the Government have tabled a secondary legislative Statutory Instrument called ‘The Statistics of Trade (Amendment etc.) (EU Exit) Regulations 2018’ The purpose of this instrument is to amend EU regulations which are being brought into force in the UK by the EU Withdrawal Act, to ensure that UK legislation is in place to collect information required for trade statistics after the UK leaves the EU. I would also recommend contacting HMRC to ask if there will be any changes to the collection of this data.
  • Numatic International asks how HMRC will be applying compliance and enforcement measures for incorrect tariff code assignments?

    I would expect that HMRC will come forward with further information that will help inform UK business on the approach they will beadopting towards compliance and enforcement measures. The change that is taking place is significant, and many UK businesses will need time to adjust and understand new and perhaps unfamiliar customs and tariff reporting requirements. It would worth contacting existing HMRC advisers, and other HMRC helpline facilities to ascertain the likely approach that HMRC will be following.

  • Numatic International asks how HMRC will be applying compliance and enforcement measures for incorrect tariff code assignments?

    I would expect that HMRC will come forward with further information that will help inform UK business on the approach they will beadopting towards compliance and enforcement measures. The change that is taking place is significant, and many UK businesses will need time to adjust and understand new and perhaps unfamiliar customs and tariff reporting requirements. It would worth contacting existing HMRC advisers, and other HMRC helpline facilities to ascertain the likely approach that HMRC will be following.

  • A question has been posed that asks what are the most appropriate procedures for going through tariff coderevalidation when dealing with a high number of items. Possibly there are someexperts in the field that could be useful to work with in order to ensure thatthe codes are correct? Thanks to Numatic

    As part of Brexit assurance planning work, it is worth identifying all relevant matters concerning tariff and customs procedure matters. An excellent way to model and understand tariff and related implications would be through the EEF’s Brexit Toolkit.
    For more information please see EEF’s Brexit Hubhere (https://www.eef.org.uk/business-support/our-services/brexit

    It would also be prudent to seek the advice of specialist freightforwarders, customs agents and other specialists that can provide the necessarydetailed advice and support.






  • A question has been posed that asks what are the most appropriate procedures for going through tariff coderevalidation when dealing with a high number of items. Possibly there are someexperts in the field that could be useful to work with in order to ensure thatthe codes are correct? Thanks to Numatic

    As part of Brexit assurance planning work, it is worth identifying all relevant matters concerning tariff and customs procedure matters. An excellent way to model and understand tariff and related implications would be through the EEF’s Brexit Toolkit.
    For more information please see EEF’s Brexit Hubhere (https://www.eef.org.uk/business-support/our-services/brexit

    It would also be prudent to seek the advice of specialist freightforwarders, customs agents and other specialists that can provide the necessarydetailed advice and support.






  • Thank you all for your time this afternoon, should you have any further questions please do not hesitate to send them in and we will get back to you.

    I would also like to highlight EEF’s range of support to members including:


    • Our EEF Brexit hotline - 0808 168 5874
    • A new Brexit hub on the EEF website – where you can find our guidance and analysis on the process, including the technical notes published by the Government in the event of a no deal outcome.
    • Our STEP BY STEP BREXIT GUIDE – this covers the basic steps business should take to prepare for a Brexit “no deal” scenario.
    • You may also find the EEF Brexit toolkit useful. Here you can check your product exporting/importing journey and its cost and admin processes. It guides manufacturers through the trade aspect of preparing for the no deal scenario. And now we have a new migration section, which helps businesses future proof their workforce against new legislation and settlement rules.
    • You can also email the Brexit team directly at Brexit@eef.org.uk


    I would also suggest that you join us at our National Conference and Dinner on 19th February 2019 to hear directly from key policy makers, Senior Politicians, industry and thought leaders for a day of analysis and inspiration – just one month from the UK’s departure from the EU. I hope to see you there.
  • Thank you all for your time this afternoon, should you have any further questions please do not hesitate to send them in and we will get back to you.

    I would also like to highlight EEF’s range of support to members including:


    • Our EEF Brexit hotline - 0808 168 5874
    • A new Brexit hub on the EEF website – where you can find our guidance and analysis on the process, including the technical notes published by the Government in the event of a no deal outcome.
    • Our STEP BY STEP BREXIT GUIDE – this covers the basic steps business should take to prepare for a Brexit “no deal” scenario.
    • You may also find the EEF Brexit toolkit useful. Here you can check your product exporting/importing journey and its cost and admin processes. It guides manufacturers through the trade aspect of preparing for the no deal scenario. And now we have a new migration section, which helps businesses future proof their workforce against new legislation and settlement rules.
    • You can also email the Brexit team directly at Brexit@eef.org.uk


    I would also suggest that you join us at our National Conference and Dinner on 19th February 2019 to hear directly from key policy makers, Senior Politicians, industry and thought leaders for a day of analysis and inspiration – just one month from the UK’s departure from the EU. I hope to see you there.
  • A big thank you to @Fergus Mcreynolds & @Richard Rumbelow for their time this afternoon! There's some brilliant advice in the answers and I certainly learned a lot from the session.

    Thanks for everyone that submitted questions for the session we will look to run another session next year!

    Amy
    Network Community Manager
    Download the EEF Network app for iPhone or Android here
    Need help? Ask me your questions about the network here
  • A big thank you to @Fergus Mcreynolds & @Richard Rumbelow for their time this afternoon! There's some brilliant advice in the answers and I certainly learned a lot from the session.

    Thanks for everyone that submitted questions for the session we will look to run another session next year!

    Amy
    Network Community Manager
    Download the EEF Network app for iPhone or Android here
    Need help? Ask me your questions about the network here