Be aware of post-Brexit regulations
HM Revenue and Customs (HMRC) is urging small businesses and enthusiasts in the automotive sector across Renfrewshire to be aware of post-Brexit rules when sending and receiving parts from Europe, or travelling across Europe to attend events, to ensure they don’t get caught out.
New rules have been in place since January this year and while larger VAT-registered businesses will have familiarised themselves with the changes already, smaller businesses such as independent garages and specialist parts retailers may not be fully aware of the changes to import and export rules and how they apply.
Likewise, for motor hobbyists who may want to order a specialist part from the EU to restore a classic car, or wish to travel across Europe to a rally, many would not have had to navigate the changes until recently.
With rallies, classic car exhibitions and festivals in full swing, enthusiasts are being encouraged to check they understand the new requirements.
HMRC has produced guidance to help people identify the best way to navigate the changes.
There is also an Online Trader Tool to ensure small businesses don’t get caught out by unexpected charges or unnecessary delays, as well as highlighting processes they can follow.
The guidance also provides information needed to ensure small businesses are prepared ahead of next January when full customs declarations and controls will be introduced.
If small businesses are also moving parts or equipment between Great Britain and Northern Ireland, they can register with the free Trader Support Service.