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TSP will stand you in good stead, says customs consultant

[ March 4, 2019   //   ]

Consultant The Customs People is urging businesses importing goods from the EU to consider applying for and using transitional simplified procedures (TSP) to prepare for Brexit, regardless of the outcome of current negotiations.
At this stage, registering for TSP is a simple online form that is free to complete although the government has not yet advised how TSP will operate in practice.
The government has not yet clarified exactly what happens immediately after businesses make the TSP application, but HMRC will respond to all applicants within 15 days to confirm the next steps.
Co-founder David Miller, said: “I urge any business that is importing or exporting goods to the EU to consider this measure, alongside speaking to their suppliers about their own preparations, and considering steps such as Authorised Economic Operator (AEO) status. These will all stand businesses in good stead, regardless of the outcome of negotiations – if a deal is made it just means you are well prepared once the transition period ends.”
HMRC will review TSP three to six months after the procedures come into force in March and will give all businesses a 12-month notice period if the government decides to withdraw them at a later date.
He added: “My advice would be to firstly register for TSP, then start discussions with their supply chain immediately to find out how they are planning for 29 March onwards. Once those urgent actions are taken, businesses should then consider AEO status – which will be helpful once the transitional period ends – to help them to fast track the customs process when trading with countries all around the world.”