England: Brexit & cross-border trade: Road, runway and port challenges
A possible no deal Brexit make trade-related issues an urgent focus for all.For many businesses, particularly in the manufacturing and retail sectors, in-house legal teams are being asked to extend their remit to trade compliance. This includes customs reporting obligations and how they may work in practice for goods arriving from the European Union post 29 March 2019.
Customs is often mistakenly treated as a "black box" or outsourced function to be handled by a nominated freight agent. This in itself creates a risk for the importer or exporter i.e. the owner of the goods. Failing to prioritise this risk will affect day-to-day operations.
Here, we provide an essential reality check and call to action for those still to take proper contingencies as well as acting as a checkpoint for those that are ahead of the wave.