UK Customs is under serious threat of losing duty revenue as a mountainous backlog of declarations grows.  At the start of the year, HMRC announced a six-month grace period for importers having to declare on goods imported between 1st January and 1st July, with the first of the delayed batch being due on the 25th

A report by the University of Sussex has found that around 10% of UK exports have unnecessarily paid tariffs since the start of the year.  The University’s Trade Policy Observatory analysed EU data to find that up to £3.5bn of British exports have paid tariffs which they didn’t need to. One reason given that exporters

The government is to launch a post-Brexit tariff suspension scheme designed to help local manufacturing firms be more competitive by lowering the cost of importing raw materials that are rarely available locally.  Launching next month (June 2021), UK companies can apply for their duties on imports to be temporarily reduced – or even removed.  A

Belgium is working to attract UK businesses into the country by offering easier access to the EU.  The charm offensive has stepped up a gear as it continues to evolve and streamline customs processes and offering the opportunity for strategic partnerships.  Werner Rens, of the Belgian Customs Authority, said at a British Chambers of Commerce

UK milk and cream exports into the EU have plummeted since the start of the year, providing the dairy industry with one of the gloomiest Brexit outcomes so far.  Milk and cream exports, worth £24 million in February last year, dropped a staggering 96% to just £900,000 this year. Cheese exports have also fallen 65%

The UK has failed to reach a post-Brexit agreement with Norway over the rights for UK vessels to access Norway’s sub-Arctic waters.  With the UK leaving the European Common Fisheries Policy at the start of the year and now dealing directly with Norway, an agreement couldn’t be reached after the UK government’s ‘fair offer’ was

The European Parliament will this week vote on the post-Brexit trade agreement between the UK and EU and are expected to back the trade and cooperation agreement.  This final step in the trade deal’s approval is likely to be confirmed this Tuesday (27th April), close to its own end of April deadline to conclude the

UK steel exports into the EU have dropped significantly since Brexit, with volume in Q1 2021 down a third on previous years.  Trade body UK Steel shared the figures with the Mirror, showing how shipments from the UK into the EU fell from an average of 630,000 tonnes to just 420,000 tonnes in the first

This week we joined Enterprise Nation for a Lunch and Learn session all about exporting following the end of the transition period at the start of the year.  In this webinar recording, learn the implications of Brexit with a guide and checklist on how to prepare for export in a post-Brexit world.  Watch the webinar

A study released this month has found that London has maintained its status as Europe’s main financial hub – but global players are catching up.  That’s according to Z/Yen’s Global Financial Centres Index (GFCI) which reported that, although London had maintained second place globally, it has lost 23 index points since September 2020 with Shanghai,

Export and import activity between the UK and France has dropped some 20% since the start of the year as businesses on both sides of The Channel continue to struggle against Brexit disruption. According to the French customs office, exports from France into the UK fell 13% in January compared to the previous six-month average,

The Government has launched a new initiative aiming to boost exports of food and drink internationally for UK farmers.  Called the ‘Open Doors’ campaign, the initiative will focus on growing middle-class markets including in Asia.  The scheme will be welcome news for UK producers, many of whom have struggled since January 1st exporting food products