The United Kingdom (UK) – once “Brexit” will be completed – will belong no longer to the EU tax and customs and tax (excise duties and VAT). Thus, trade flows between UK and EU will be considered as commercial transactions with a Third Country. So, customs status of goods will have to be established, whether they enter, exit or transit through the EU and UK tax and customs territories, as well as legal provisions and procedures be applied as to VAT and excise duties.
Preparedness for Brexit
In view of UK withdrawal from EU, ADM is preparing every possible scenario, through a deep analysis of risks and solutions.
This section is to be considered as a supporting tool, together with other initiatives in the menu, in order to reach with as much useful information as possible.
The European Commission has already published several information concerning EU strategic interests. The Italian Presidency of the Council of Ministers also published specific info notes about consequences in case of Hard Brexit, and how to prepare for it.
The following links, divided according to their source, contain specific information, also concerning ADM’s mission:
- European Commission
- Italian Customs and Monopolies Agency