Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result

UK tax authority warns Northern businesses to prepare for no-deal Brexit

byCT Report
08/12/2018
in Uncategorized
Share on FacebookShare on Twitter

London : The UK tax authority has written to businesses in Northern Ireland warning them to prepare for a “no-deal” Brexit.

Fears are growing that the British parliament will not back an exit agreement negotiated with the EU by UK premier Theresa May, increasing the risk that the state will leave the bloc without a deal.

You might also like

FCCI top office-bearers set for unopposed election

26/09/2026

KPRA team visits private hospitals, directs to submit financial data

26/09/2026

HM Revenue & Customs (HMRC), as the tax authority is called, has written to businesses in Northern Ireland that import and export goods to and from the EU telling them to “continue to get ready for the possibility of no deal”.

The letter states that if the business only trades with the Republic it does not need to take any of the steps outlined, but adds that the authority will write again with information on dealing with this jurisdiction.

A “no-deal” or hard Brexit would shut Britain and Northern Ireland out of the customs union, which facilitates the free movement of goods between EU member states.

HMRC says that businesses should immediately apply for a UK economic operator registration and identification number, which they will need to continue trading with the EU and to get authorisations that will speed up customs processing.

The authority also advises businesses to decide if they want to hire agents to make import and/or export declarations for them, or if they wish to do this themselves.If they opt to use agents they should find out now what information these organisations will need from them. If they choose to make their own declarations, they need to buy software for this.

Finally, HMRC says that businesses should contact hauliers or whatever organisation moves their goods to establish if those companies can make safety and security declarations for them, or if the Northern businesses need to make those declarations themselves.

The letter acknowledges that Mrs May has negotiated a withdrawal agreement with the EU designed to ensure a smooth withdrawal in March.

Related Stories

FCCI top office-bearers set for unopposed election

byCT Report
26/09/2026

FAISALABAD: The election process of the Faisalabad Chamber of Commerce & Industry (FCCI) has entered its final stage after the...

KPRA team visits private hospitals, directs to submit financial data

byCT Report
26/09/2026

PESHAWAR: An enforcement team of Khyber Pakhtunkhwa Revenue Authority (KPRA), Mardan & Malakand Region visited multiple registered private hospitals and...

Pakistan Navy seizes over 2,800kg narcotics worth $750m in Arabian Sea

byCT Report
26/09/2026

KARACHI: Pakistan Navy ships PNS Hunain and PNS Yarmook have seized more than 2,800 kilograms of narcotics during a joint...

LHC halts FBR recovery drive against Mepco over Rs4.53b tax dispute

byCT Report
26/09/2026

LAHORE: The Lahore High Court (LHC) has restrained the Federal Board of Revenue (FBR) from taking coercive action against the...

Next Post

U.S.-bound retail container volume set new record, says Port Tracker

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.