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How to benefit from the EU/UK Free Trade Agreement

The long-awaited Brexit deal has now been confirmed, and with it the opportunity to ship goods each way duty-free provided they originate in the EU or UK (read more here).

In order for you to claim duty free preference when importing goods from the EU, you will be required to declare you hold proof that the goods comply with the rules of origin and obtain the relevant declaration or documentation from the shipper.

The two options to claim duty-free preference are:

This needs to be added to the commercial invoice and should follow the format below:

(Period: from___________ to __________ (*1))

 The exporter of the products covered by this document (**EORI / Exporter Reference No ... (2)) declares that, except where otherwise clearly indicated, these products are of ... (3) preferential origin.

……………………………………………………………..............................

(4)(Place and date)

……………………………………………………………..............................

(Name of the exporter)

*The numbers ‘(1,2,3,4)’ refer to notes in the EU / UK Trade Cooperation Agreement (TCA) - For full details refer to page 482 of the TCA).

** For UK exports, the shipper's EORI should be shown. For EU exports the same will apply except where the value is over 6,000 Euros in which case the shipper should apply for and show their Exporter Reference Number (REX).

Where the declaration is unavailable there is the concept of ‘Importer knowledge’ whereby the importer must possess valid evidence that the imported product qualifies as originating in the territory of the other party. This should be in the form of supporting documents or records which may be provided by the exporter or producer and provide evidence that the product qualifies as originating.

NOTE - Until 31 December 2021, if you’re claiming preference on the basis of the importer’s knowledge or making out a statement on origin, you do not need to hold a supplier’s declaration at the time you’re claiming preference for goods imported from or to the EU. However, the importer must be confident that the goods meet the rules of origin and must make every effort to obtain suppliers declarations retrospectively.

More details can be found here.

If you have any questions or concerns, our dedicated team are here to support and guide you through this transition and the required changes in processes. Contact us here.

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