What happens to my shipment after the Brexit?
The end of the year is coming closer and with it the question of what the Brexit means for me and my company and the shipping process. Are there additional export documents? Are the costs increasing?
WELCOME TO OUR BREXIT SHIPPING NEWS SERIES PART 2
In our second part of the Brexit shipping news series you will find more interesting news about Brexit and what do I have to consider while shipping.
The United Kingdom left the European Union on 31 January 2020 and is now officially a third country to the EU. However, a transition period until 31 December 2020 applies.
During the transition period, there is no impact on taxation and customs:
For the period as of January 1st, 2021:
- Companies shipping between the European Union and the UK will face additional administrative, customs and tax related issues and must prepare themselves carefully. E.g. shippers will need to register for an “Economic Operators Registration and Identification number” (EORI) to ensure their shipments will be cleared by the customs. www.gov.uk/eori
- DPDgroup said it will not introduce a new ‘Brexit’ surcharge but will cover higher costs in a different way, such as charging for the customs clearance handling like the company does for any cross-border shipment between customs countries.
- According to CEO Boris Winkelmann, DPDgroup will continue with the peak season capabilities with additional people and linehauls that the company has set up for the Christmas period, until after crossing the end-of-year dateline.. Those resources will be available to shift from peak to Brexit volume.