Brexit Prepardness

The UK’s official departure date from the European Union on Friday 29th March 2019 is less than 2 months away. With uncertainty continuing no matter the outcome a smooth transition process will be needed for future Irish/UK business, competitiveness and growth. Mullingar Chamber are sharing a range of information and key resources to help prepare for the potential Brexit scenarios ahead including the potential impact of Brexit on Certificates of Origin which is a key service we offer members and non-members.

If you trade with the UK post Brexit you must have an EORI number to be able to comply with customs requirements. It is recommended you complete the registration as soon as possible in order to be ready post Brexit. Information relating to this registration can be found here.

https://www.revenue.ie/en/customs-traders-and-agents/brexit/register-for-eori/index.aspx

The Impact of Brexit on Certificates of Origin.

Chambers Ireland have been attempting to get clarity on whether the UK will require CO post Brexit in a no-deal/WTO rules scenario and have given the following update:

(Note: the following information only covers Certificates of Origin, not any other customs documentation which probably will be required in a post Brexit/no deal scenario.)

No Deal Scenario

  • We recently received an update from London Chamber following a meeting held with HMRC on Wednesday. At present, UK HMRC does not require Certs of Origin for goods arriving in the UK coming from third countries and are therefore not likely to require Irish goods arriving in the UK post-Brexit/no-deal to be accompanied by a Cert of Origin.
  • We are informed also that in the event of a no-deal, client companies in the UK may request a Cert depending on their individual needs (re-exporting etc). This applies vice versa. Irish companies whose supply chain contains UK components may also need to apply for a Certs- this will depend on the needs of and requirements in the country of destination. In addition, companies using a Documentary Letter of Credit to finance shipments may be requested by the relevant bank to obtain a Certificate of Origin too.

Withdrawal Agreement Scenario

  • The status quo will continue as normal for the duration of the transition agreement.
     

Future Trade Deal

  • In the event of a trade agreement between the UK and EU in the future, preferential movement certificates will likely be required but in Ireland, these documents are issued by Revenue, not Chambers.

Next Steps- Preparing Members

  • Of course, we would counsel that all this information is heavily dependent on the circumstances around how a “No Deal” scenario may occur on 29 March. For example, should relationships between the EU and UK have soured dramatically, unexpected retaliatory measures may be introduced but this is probably very unlikely.
  • If member companies, and exporters in your regions, are unsure as to whether they will need a CO post No-Deal (for client or supply chain reasons), we suggest you advise them to complete registration documentation with the Chambers in advance of the 29 March- letter of indemnity, list of authorised signatories, copy of CRO registration. Should we go to no-deal and should they be asked by their client company to produce a Cert of Origin, then they will have some of the paperwork completed in advance. They may also wish to contact their buyers in the UK to ask them if they are likely to request Certificates too.

Source: Chambers Ireland

 

Some Key Resources & Supports:

Chambers Ireland No Deal Preparation Factsheet; link to pdf

Irish Government Contingency Action Plan https://www.dfa.ie/media/dfa/eu/brexit/brexitcontingency/No-Deal-Brexit-Contingency-Action-Plan-December-18.pdf

Chambers Ireland are frequently updating their website with all the latest news and resources- http://www.chambers.ie/policy/the-brexit-result-information-for-chambers/

Intertrade Ireland Brexit Advisory Service

https://intertradeireland.com/brexit/

Enterprise Ireland Prepare for Brexit

https://www.prepareforbrexit.com/

Local Enterprise Office Clinics & information support

https://www.localenterprise.ie/Discover-Business-Supports/Brexit-Information/

Revenue Information & Brexit Seminars

https://www.revenue.ie/en/customs-traders-and-agents/brexit/index.aspx

Bord Bia Brexit Barometer

https://www.bordbia.ie/corporate/press/BrexitDocs/Brexit2018-Industry-Findings-Report.pdf

 

 

 

 

 

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