Moving goods under the Northern Ireland Protocol
The Cabinet Office published a policy paper on August 7th explaining the anticipated procedures for movement of goods between the EU and Northern Ireland; and between Northern Ireland and Great Britain.
As we approach the end of the Brexit transitional period, the government continues with its preparations for the new way in which trade will be conducted with the EU. The position of Northern Ireland is particularly difficult because there is a commitment to an open border with the South which means that businesses in Northern Ireland (who will be allocated a new EU VAT number) will continue to have access to tariff free imports from the EU. The UK government is also stating that Northern Ireland businesses will continue to have unfettered access to the GB market.
Given the importance of this announcement and its implications for the future of the UK’s relationship with the EU, it has received remarkably little attention. A brief overview of the protocol highlights its significance.
We think this is worth keeping a very close eye on and we explore this policy paper in more detail in the focus sheet that you can download below.
Unless there are significant changes to these plans, there may be opportunities for businesses to create a presence in Northern Ireland in order to create a tariff free route for EU imports into GB.
Download our latest Focus On sheet for more information or please contact Glyn and Andrew on the details below.
+44 (0)7889 537 549
Customs Duty Consultant
+44(0)1604 624 011