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Invitation to the ‘no jargon’ approach to BREXIT

Invitation to the ‘no jargon’ approach to BREXIT

Invitation to the ‘no jargon’ approach to BREXIT

By David Hooper, September 24, 2019, Category: General News

We would love you to join us at this invitation only event on the 17th October 2019 at Mallory Court Hotel and Spa, Royal Leamington Spa Warwickshire CV33 9QB

Are you a business importing and exporting goods into the EU after Brexit? Gain an understanding of how customs procedures will impact on your business as well as your EU Suppliers and Customers.

Our very own industry expert David Hooper will be partnering with the ‘no jargon’ team to give his invaluable advice on importing and exporting after BREXIT.

If you are interested in this event please register your interest by contacting Tracey: tracey@hrdept.co.uk please note places for this event are restricted, so be quick to secure your place!

What is a Freeport?

What is a Freeport?

What is a Freeport?

By David Hooper, August 22, 2019, Category: General News

International Trade Secretary Liz Truss recently announced that the UK would create up to 10 freeports in the UK. She stated that they would create ‘thousands of jobs”.

  “Freedoms transformed London’s Docklands in the 1980s, and free ports will do the same for towns and cities across the UK” she added.

Mr Johnson backed the creation of new free ports as a Tory leadership candidate, suggesting there should be “about six” around the country.

Freeports are a special kind of port where normal tax and customs rules do not apply either at an airport or seaport. At a freeport, imports can enter with simplified customs documentation and without paying tariffs. Businesses operating inside designated areas in and around the port can manufacture goods using the imports and add value, before exporting again without ever facing the full tariffs or procedures.

If the goods move out of the freeport into another part of the country, however, they have to go through the full import process, including paying any tariffs.

Freeports are similar to free zones, or ‘enterprise zones’, which are designated areas subject to a broad array of special regulatory requirements, tax breaks and government support. The difference is that a freeport is designed to specifically encourage businesses that import, process and then re-export goods, rather than more general business support or regeneration objectives.

Would there be any benefit Post Brexit.

Most experts argue that benefits can be very small – the the University of Sussex recently put together a report on Freeports which suggested that the major risk was displacement of jobs from nearby areas as opposed to new job creation as well as providing other conclusions on why Freeports would be of little benefit to the UK Economy. In addition to this UK firms already benefit from the process of importing raw material duty and Vat free under the Inward Processing scheme, therefore, you could argue that any firms wishing to benefit from the process already can.

Future

The issue, therefore, should be about explaining to business what current procedures they should look at in the future to help offset any problems from loss of frictionless trade with the EU, and to help and encourage businesses to export to Non EU countries as creating expensive freeport areas is not the answer Post Brexit for the majority of firms involved in international trade.

To keep up to date with other freight-related news and articles please visit our website and follow us on LinkedIn to stay informed.

If you have any upcoming projects that we can support you on, please contact us directly on +44(0) 2476 343 037 and we’d be happy to help manage your freight journey.

Brexit Planning Workshop for Importers & Exporters

Brexit Planning Workshop for Importers & Exporters

Brexit Planning Workshop for Importers & Exporters

By David Hooper, August 09, 2019, Category: General News

In 2016 Boris Johnson, now the UK Prime Minister stated that:

  “We are proud to be running some workshops with the Coventry and Warwickshire Chamber of Commerce to help local businesses plan for Brexit. These will be full of content that you will find useful and allow you to make the decisions you need to make around Brexit.”

The first event is on 11th September.

Do you want to get your business Brexit ready but don’t know where to start? This workshop is designed for businesses that import & export and will cover the various aspects of international trade that will be affected by leaving the EU. It will also look at what steps you can take to prepare including conducting a supply chain audit, reviewing your customs processes and special procedures such as inward processing, outward processing and the AEO scheme.

This exciting workshop will bring you up to speed with the Brexit process and the key practical aspects of international trade that will be affected by Brexit including:

The Exit Process – What’s happening and when.

Trade Now and After Brexit:

  • How trade currently works with the EU and what will change
  • The current Single Market and Customs Union Model
  • Current Free Trade Agreement’s through the EU

The Post-Brexit Trading Models:

  • Customs Union, Single Market, Free Trade Agreement and their practical implications for importers and exporters
  • No Deal Implications
  • Practical Considerations such as tariffs, import VAT, customs declarations etc

Practical Steps to Take such as:

  • Conducting a supply chain audit
  • Using special procedures to minimise impact – for example IPR, OPR, AEO etc

Price:

  • Member: £250 + VAT
  • Non-Member: £295 + VAT

If you wish to book your place please contact Adele Wheatley adelew@cw-chamber.co.uk / 024 76654321