Hard Brexit Impact Analysis

Page 82 of 106 Category If no agreement is reached: Consequence EU Document EU. As of the withdrawal date, in case of verification of the origin of goods imported into the EU, exporters in third countries may have to prove the EU preferential origin of the imported goods. As of the withdrawal date EU 27 importers are advised to ensure that the exporter is able to prove the EU preferential origin of the imported goods, taking account of the consequences of the withdrawal of the United Kingdom. Trade Customs As of the withdrawal date , the EU rules in the field of customs and indirect taxation (VAT and excise duties) no longer apply to the United Kingdom. EU VAT laws as applied to third countries will apply to imports or exports involving the UK. WITHDRAWAL OF THE UNITED KINGDOM AND EU RULES IN THE FIELD OF CUSTOMS AND INDIRECT TAXATION Trade Customs Customs Formalities: As of the withdrawal date, Goods which are brought into the customs territory of the EU from the United Kingdom or are to be taken out of that territory for transport to the United Kingdom, are subject to customs supervision and may be subject to customs controls. This implies that customs formalities apply, declarations have to be lodged and customs authorities may require guarantees for potential or existing customs debts. Imports and exports involving the UK will have new customs processes to be completed before goods can enter or leave the EU. This includes VAT payments and provisions for duties. WITHDRAWAL OF THE UNITED KINGDOM AND EU RULES IN THE FIELD OF CUSTOMS AND INDIRECT TAXATION Trade Customs Customs Duties: As of the withdrawal date, Goods which are brought into the customs territory of the EU from the United Kingdom are subject to the application of the relevant customs duties. Duties must be paid before the goods are permitted to enter the EU market WITHDRAWAL OF THE UNITED KINGDOM AND EU RULES IN THE FIELD OF CUSTOMS AND INDIRECT TAXATION Trade Customs Restricted goods: As of the withdrawal date, Certain goods which enter the EU from the United Kingdom or are leaving the EU to the United Kingdom are subject to prohibitions or restrictions on grounds of public policy or public security, the protection of health and life of humans, animals or plants, or the protection of national treasures Such goods will have to conform to EU legislation and entry / exit requirements WITHDRAWAL OF THE UNITED KINGDOM AND EU RULES IN THE FIELD OF CUSTOMS AND INDIRECT TAXATION