0800 644 6080
Call FREE from Landline and Mobile
Est. 1989

Exporters Could Need Customs Brokers if There’s No Deal on Brexit, Government Warns

Written by: Keith Tully

Reviewed: Tuesday 28th August, 2018

Business involved in exporting goods overseas could need to secure the services of a customs broker in the event that no formal Brexit deal is agreed between the EU and the UK.

Brexit flag with lightning

That’s a warning given to businesses by the government’s recently appointed Brexit secretary Dominic Raab, whose department has made clear in a series of statements that the lack of a deal with the EU would see Britain revert to “non-preferential” World Trade Organisation rules.

This situation would be likely to lead to an increased regulatory burden for UK companies but there would also be potential benefits to be gained through trading activities beyond the EU, Mr Raab said in a speech about the government’s no deal Brexit planning.

“I am still confident that getting a good deal is, by far, the most likely outcome,” he said.

“At the same time, naturally we have got to consider the alternative possibility, that the EU does not match our ambition and pragmatism, and we do not reach a deal.”

With the prospect of a no deal Brexit in mind, Mr Raab announced some detail on a total of 25 technical notices which are expected to be the first of many more such notices issued by the government in the coming weeks and months.

As well as customs brokers, exporters are being advised that they may need to secure the services of a “freight forwarder or logistics provider” to help with necessary adjustments in the case of a no deal Brexit.

The Confederation of British Industry (CBI) has welcomed the steps taken by the government in warning businesses about the potential impacts of a no deal Brexit but has suggested that the details of those warnings highlight just how damaging such a scenario could be not just for the UK but for the EU as well.

“By now, few can be in any doubt that ‘no deal’ would wreak havoc on economies across Europe,” said Josh Hardie, the CBI’s director-general.

“These papers show that those who claim crashing out of the EU on World Trade Organisation rules is acceptable live in a world of fantasy, where facts are not allowed to challenge ideology.”

Keith Tully

Author
Keith Tully
Partner

Join Keith Tully on Linked In Join Keith Tully on Google Plus Follow Keith Tully on Twitter

Keith has been involved in Business Rescue since 1992, during which time he’s worked for both independent and national firms. His specialties include company restructuring matters and negotiating with HMRC on his clients behalf.

Meet our Team of Experts

Who we help

  • Company Directors
  • Finance Directors
  • Sole Traders
  • Accountants
  • Small Businesses
  • Large Businesses
  • Partnerships

Contact our team

Jonathan Munnery
Andrew MacKenzie
Julie Palmer
Thomas Mckay
Keith Tully
Processing...
or Find your Nearest Office

Here at Real Business Rescue we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See PRIVACY POLICY

Our numbers speak for themselves

55
Number of UK Offices
30000
Directors Helped
70+
Licensed Insolvency Practitioners