{"id":1939,"date":"2021-05-06T10:25:47","date_gmt":"2021-05-06T10:25:47","guid":{"rendered":"http:\/\/mwmitaly.com\/?p=1939"},"modified":"2021-05-06T11:07:06","modified_gmt":"2021-05-06T11:07:06","slug":"the-effects-of-brexit-from-customs-and-tax-issues-to-economic-consequences","status":"publish","type":"post","link":"https:\/\/mwmitaly.com\/en\/the-effects-of-brexit-from-customs-and-tax-issues-to-economic-consequences\/","title":{"rendered":"The effects of Brexit: from customs and tax issues to economic consequences"},"content":{"rendered":"

From 1 January 2021, the United Kingdom is no longer part of the European market and consequently of its customs union. Commercial activities between the European Union and the UK are subject to previously absent bureaucratic obligations<\/strong> which cause, in some cases, slowdowns in export operations<\/a><\/span><\/strong> and additional costs for business. The setting to the new procedures is generating many customs, fiscal and economic problems, with consequences on both markets<\/strong>.<\/p>\n

Post Brexit: the new trade rules between bureaucratic hitches and delivery delays<\/strong><\/h2>\n

The exit of the United Kingdom from the Eurozone generated the application of new export procedures, specific to shipments to third countries outside the EU. The innovations introduced have caused various customs, fiscal and commercial problems<\/strong> since the first month, with consequent delays in the delivery of goods<\/a><\/span><\/strong>, long times for managing practices<\/strong> and waiting at borders, up to the non-arrival of the product on the shelves.<\/p>\n

\"export\"<\/p>\n

The main difficulties were recorded at the customs subject, where the setting of the Offices to the new export procedures<\/strong> is causing slowdowns at the borders and administrative hitches.<\/p>\n

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The most discussed issue is the failure to close the MRN (Movement Reference Number)<\/a><\/span><\/strong>, the tracking number that identifies the export operation and ascertains that the goods have left the borders.<\/em><\/span><\/p>\n<\/blockquote>\n

Further economic and fiscal complications arise from the application of duties<\/span><\/a> on goods of non-EU origin<\/strong>, or with components of non-EU derivation, and from the payment of VAT to the entry Customs Office<\/strong>.<\/p>\n

At the logistical level, we also point out the inconvenience due to the obligation to use fumigated pallets<\/strong>, or made with wood treated for parasites and molds, under penalty of blocking the goods at the border.<\/p>\n

Due to these complications, overseas trade is recording a contraction to the detriment of both Italian exporting companies and British companies, some of which have decided to move warehouses and offices to Europe, precisely to simplify trade with EU countries.<\/p>\n

Brexit: the new customs procedures and the failure to MRN discharge<\/strong><\/h2>\n

Under the new procedures, companies that trade with the U.K. must electronically submit an export declaration to the Export Customs Office<\/strong>, complete with:<\/p>\n