Import Guide: Brexit 5 (CASE 11)

Daniel Gómez

Lidia Campos

Ikram Bekhedda

Denisse Sanchis

START

Import Guide

INDEX

PREPARATION

DOCUMENTS

TRANSPORT

VIDEO

POST-BREXIT IMPORT GUIDE

VAT (IVA)

2º

7º

8º

6º

3º

4º

9º

1º

5º

Step-by-Step

TARIC CODE

CASE 11

EU EORI

INCOTERM

EU TARIFFS

RX SEAPORT

Preparation

Info

land

Info

Info

marine

Documents

dua

insurance

UK LICENSE

PACKING LIST

cmr

invoice

B/L

+ info

vat rate in belgium

• Arguably the biggest change for businesses arising from Brexit is that all arrivals and departures of goods to and from the UK will become ‘imports’ and ‘exports’ from a VAT and Customs Duty perspective. Currently, only goods whose origin or destination is outside the EU are considered “imports” or “exports”. The importance of this distinction is that imports attract Import VAT which is recoverable subject to the usual rules on VAT recovery and Customs Duty, which is not recoverable. Crucially, as the Duty is not recoverable this will, unfortunately, represent an additional cost of doing the same business.

• To import to Belgium, we will need to know the VAT rates that will be applied as the goods will come from the UK by ship and land in Belgium, once there the goods will be transported by truck to the Belgian company.

VAT (IVA)

Transport

Ikram Bekhedda

Lidia Campos

Daniel Gómez

Denisse Sanchis