Action Plan For E-commerce Businesses Before Brexit
Ecommerce businesses such as selling products on Shopify, Amazon, eBay or any other online platforms should plan ahead to avoid any delays if UK leaves the EU with no deal.
If your business involve import and/or export goods with the EU and if UK leave the EU without a deal, on 29 March 2019. There would be immediate changes to the way you trade with businesses in the EU. This could also mean the delay in importing or exporting goods with EU.
2 actions ecommerce businesses need to take now
1. Register for a UK Economic Operator Registration and Identification (EORI)
- You’ll need an EORI number to continue to import or export goods with the EU if there is no deal.
- EORI number needed before you can apply for authorisations that will make customs processes easier for you. You might need to train your staff or use customs agent for declaration of goods using Customs Declaration Service.
For more information, please do visit HMRC’s guidance.
2. Contact the shipping, haulage or freight organisations to find out if you will need to supply additional information to them. This will allow them to make the safety and security declarations for your goods, or whether you will need to submit these declarations yourself.
Why you Choose us!
Proactive Accounting – We strive to provide great accountancy service being proactive accountants and top of every situation to meet with changing rules and regulatory requirements. Offering regular tax advisory and bespoke business consultancy to meet the industry’s regulations for our clients.
Regular Compliance Checks – Offering regular compliance checks to meet with the compliance requirements of small businesses.
Tax Planning – To ensuring meeting all deadlines, we won’t leave it until after your Year End, when it is too late!
No Penalty Guarantee – We offer systemised accounting processes to enable our clients to meet with HMRC regulations.
No surprise bills – Call or email your Accountant at any time and you won’t get billed for it.
We make your life easy – Life is beautiful, so when it comes to your accounts, we keep things simple and take away the hassle for you.