Updated: Oct 14, 2020
Today (Thursday 8 October) the Government has ramped up preparations for the end of the transition period by publishing an updated Border Operating Model, which provides further detail on how the GB-EU border will work and the actions that traders, hauliers and passengers need to take.
This publication gives traders further information they need to prepare for the changes and opportunities as a result of leaving the EU Single Market and Customs Union, and regardless of whether we reach a trade agreement with the EU.
You can download the updated version here (Source: UK Government)
Following this announcement, the British Chambers of Commerce Director of Trade Facilitation Liam Smyth commented saying:
“Today’s announcement of a revised Border Operating Model provides some more of the detail that was missing from the version published less than 12 weeks ago. Duty deferment accounts and postponed VAT accounting will both help firms’ cashflow as we enter a period of huge change at our borders.
“However, as highlighted in our recent unanswered questions document, businesses still have many areas where they urgently need more certainty, such as how the border between Northern Ireland and Great Britain will operate, clear guidance on rules of origin, which will only be done by ramping up government engagement with business.
“With just over 80 days until the end of the transition period, the businesses that produce the £300bn of UK exports to the EU are desperate for news of a comprehensive free trade agreement that will provide jobs and future prosperity across the United Kingdom.”
What this means for UK businesses?
If you need help clarifying what this means for your business, please join us next 16th October for our Countdown to the end of transition free webinar '75 Days to Go - UK Border Operating Control'.
The next series of webinars providing further updates are: