A Brexit no-deal would mean all traders engaged in import and export of goods within the EU will have to comply with new regulations. A customs declaration will be required for all trade activities between the UK and the EU. Such declarations can be made by appointing an intermediary, deploying specific trade applications, or by availing the services of an end-to-end software.
TSPs are instruments designed by the UK government in order to facilitate trade with the EU. These procedures will make importing goods easier in the period ensuing Brexit. Traders that register for TSP will not need to make full customs declarations. They will also be able to defer paying customs duties.
When you start selling your products internationally, running a business suddenly becomes more complicated. Things you never had to worry about are all at once on your mind whenever you prepare a package for shipment or complete a transaction.
Today’s volatile geopolitical climate and game-changing disruptors like the global Corona virus pandemic have driven seismic shifts in the global regulatory landscape. Nations are regularly remapping their foreign policies while entire industries are rethinking how they do business across borders.
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