UK-EU Trading of Goods

 “As of 1 January 2021, the UK leaves the EU Single Market and Customs Union. As a result, it will no longer benefit from the principle of free movement of goods. 

To preserve their mutually beneficial trading relationship, the two sides have agreed to create an ambitious free trade area with no tariffs or quotas on products, regulatory and customs cooperation mechanisms, as well as provisions ensuring a level playing field for open and fair competition, as part of a larger economic partnership”.

- European Commission

 

 

Michael Lux, a former Head of Unit in the EU Commission Taxation and Customs Union Directorate-General, and current consultant and attorney dealing with customs, anti-dumping, VAT, and Excise issues explains what will change insofar in trade between the UK and the EU.

Customs Procedures

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Rules of Origin

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VAT

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Tariffs

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Non-Tariff Barriers

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ATA Carnets

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Excise Goods

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Importing and Exporting Goods

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