Freight operators have welcomed HMRC’s decision to delay implementation of the Transitional Simplified Procedures for customs (TSP) in the event of a no-deal Brexit. Announced in February, the TSP matches trader numbers against trailers and postpones payment of import duties – but only for ro-ro traffic. TSP met with a fierce backlash from haulage operators…
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HM Revenue and Customs (HMRC) has written to 145,000 VAT-registered businesses trading with the EU about simplified importing procedures and also updated them on the actions that they need to take to prepare. Transitional Simplified Procedures (TSP) for customs will make importing easier for an initial period of one year, should we leave the EU…