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With the UK leaving the EU on the 31st December, the way you bring goods into the UK is changing. Like other industry dealers, antique dealers are divided on the possible effects of the Brexit on the antiques collecting and trading market in the UK. A government plan to end VAT-free shopping for international visitors next year will impact the UK art and antiques trade, say dealers. Let’s take the example of a UK-based VAT-registered car parts manufacturer, who has previously exported to Europe. Following on from our previous blog article, there will be new regulations in place regarding moving goods to and from the EU if the UK leaves the EU without a deal. Antiques and works of art entering the United Kingdom from outside the European Union (EU), whether imported privately or by VAT-registered businesses, are liable for import duty in the form of VAT (Value Added Tax) at 5%. HMRC has already issued these to all UK VAT registered businesses with international trade. Despite the UK leaving the EU VAT regime, HMRC has indicated that it will still require these submissions on imports (‘Arrivals’) from the EU. This is the case even though the EU and UK have agreed a Trade and Cooperation Agreement (pdf). You will need to check that the exporter, if it is not you, from the EU is ready. Before Brexit, goods could move freely between the UK and the EU without import taxes. That’s because the UK would have to trade with the EU under the basic rules set by the World Trade Organization (WTO). If you have deferred the customs declarations, you must first update your own import records ready for when you do complete the declarations (1 July 2021 deadline). Therefore, the concern of many antique art dealers in the UK is how the UK will compete with other international centers of art such as New York, Hong Kong, and Switzerland. This is HRMC’s import online registration system. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY. However, the status quo shall remain up until a year later. International auction houses in London would also be affected by the EU import VAT. This factsheet will provide all the information you need about applying for an EORI number. Explore more content like this in our Brexit hub. Other EU countries charge much higher import VAT with Italy leading at 22 percent. Chat with someone on our team right now. TRADE AFTER BREXIT’ is NOT an assessment of likelihood of different Brexit scenarios or comment about on-going negotiations between the UK & EU. Avalara EU > webinars, guides and products, 6.1 Complete your own customs import process, Jan 1, 2021 HMRC will debit your duty deferment account if tariffs are due after your supplementary declaration has been received. If you are importing into the UK, you must be a resident business for certain UK Customs issues, including the declarations. the non-payment of the duties and taxes normally due in the event of importing a vehicle from outside Europe, provided the following conditions are satisfied: waste, certain hazardous chemicals, GMOs). Other EU countries lack the International competitive edge that the UK enjoys. We will not know for a few more months to see whether there are any benefits we obtain from the EU that we currently possess. Brexit import goods into GB from EU; customs and VAT. The UK left the European Union on 31 January 2020. Importing goods to the UK after Brexit. The UK's HMRC requires ecommerce sellers, or their facilitating marketplaces, to charge VAT at the point of sale on imported goods (consignments) not exceeding £135. This means goods being imported from the EU into the UK, excluding Northern Ireland (‘Great Britain’ or ‘GB’), face new customs declarations, inspection and import VAT obligations. Let’s take the example of a UK-based VAT-registered car parts manufacturer, who has previously exported to Europe. As a member of the European Union (EU), the UK currently enjoys preferential market access to 40 of the 70 countries that have trade relations with the EU. You must apply to be authorised to submit simplified import declarations for the deferred customs declarations to 1 July 2021. Antique dealers, art fairs, and auction houses employ many people from the EU, and a possible Brexit would mean that these people would have to obtain visas to work in the UK. Home » News » Antique Collecting and Trading after Brexit. External transit:non-Union goods may be moved from one point to another within the customs territory of the EU without being subject to import duties, other charges related to the import of the goods (i.e. Have a question about our products and services? Therefore, VAT charged on the antiques could be reclaimed. This includes animals, plants, agricultural products, medicines, chemicals and weapons. However, most B2B customers will not accept this, and B2C consumers will be unlikely to shop with you again if they are hit with an unwelcome VAT bill. Import/export is a two-way picture but both sides mirror each other. Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. If Scotland leaves the UK, British public finances would take a hit leaving little funds for antique collecting and trading. Avalara has a range of solutions that can help your business depending on where and how you trade. It covers both the option of deferred UK customs declarations or standard declarations and import VAT. Currently, with different tax systems in different countries in the E.U, British antique dealers are no worse off if the public votes to leave the EU. A Brexit would allow the UK to focus on how it can become one of the leading centers of art and antique trading in the world and not just the EU. Below is the advice from HMRC on the things you should be doing as a business to ensure minimal disruption to your business. Temporary admissions EU. From 1 January 2021, anyone selling goods to consumers or businesses between the UK and EU facea import VAT, potential tariff charges and customs declarations for the first time. Advocates of Brexit say it will free the UK from the shackles of EU control and allow it to strike out on its own as a new ‘Global Britain’ trading nation. Antique dealers in countries with higher import VAT often import antiques through the UK into mainland Europe because of the UK’s lower import VAT. Importing goods from the EU after a no-deal Brexit In the event there is no FTA or CETA, your business will likely need to fulfil new requirements when importing goods from the EU. Let us first remind ourselves of the situation today. How the art and antiques trade is preparing for Brexit. The following parties are usually approved by UK's HMRC to represent importers and produce the Simplified Declaration: 7. You can review the customs and VAT processes for GB exports to EU. Two-tier system applies for post-Brexit vehicle imports from North and Britain Since transition period ended on January 1st the UK is now deemed a ‘third country’ by the EU Britain is the largest market for art and antiques in the EU and a Brexit may have positive or negative effects on the Antiques trading market. The elected party is known as the Importer of Record. Firstly imports from EU countries – No VAT is payable on importing goods to the UK from EU Member States. As more people leave the UK with their antique art, EU countries may be forced to levy import VAT on the antiques upon importation into the EU. This will help you understand what payments are due, manage your cashflow and consider passing on the charge to your eventual customer. What this practically means for importers in the United Kingdom, at this stage, is uncertain as there are no agreed upon terms for the exit. After Brexit takes effect, it is unlikely that we will have formed any trade deal with the EU or the rest of the world by the end of January 2020. November 27, 2019. Follow this guide to post-Brexit imports to help ease the headache. With a new Brexit deadline set for 31 October 2019 and a no-deal Brexit a possible scenario, EU-based buyers and sellers should be aware of their choice of Incoterms used in their contracts with UK counterparties. We will not know for a few more months to see whether there are any benefits we obtain from the EU that we currently possess. It outlines potential requirements, information sources and our service offerings in the respective area. Certain goods require the importer to obtain a licence or certificate from various UK government departments. This may make buying antiques and art in the UK much cheaper and may result in a significant boost in the antique collecting and trading market in the UK. From 1 Jan 2021 all goods imported from the EU to the UK require a UK customs import declaration. The UK is permitting importers to defer the completion of customs declarations for most imports until 1 July 2021. As more people leave the UK with their antique art, EU countries may be forced to levy import VAT on the antiques upon importation into the EU. CTPA encourages companies to take action now and prepare for moving goods from the EU as of the end of the Brexit transition period. Moving goods to another EU Member State means the customs clearance procedures are transferred to the customs office of destination. In the event of a no-deal Brexit, with no new agreements to compensate for the loss of the previous ones, the UK will have to follow the World Trade Organisation’s MFN (Most Favoured Nation) tariffs while exporting goods. You may need to provide security and safety data, in addition to the customs declaration. The Brexit Transition Period comes to an end on 31st December and therefore, whatever arrangements for future trade may be agreed, the treatment of Import VAT will change and there will be cash flow implications from this. This is then settled by Direct Debit from your bank account. The importing of a vehicle without the payment of duty and taxes is subject to specific requirements. In addition, if art collectors decide to leave the UK for other countries with favorable markets, they may leave with important art works and antiques. This field is for validation purposes and should be left unchanged. Let us first remind ourselves of the situation today. As a member of the European Union (EU), the UK currently enjoys preferential market access to 40 of the 70 countries that have trade relations with the EU. Sellers and facilitating marketplaces can collect import VAT on import consignments valued up to €150. This is a factual information guide to help customers to prepare. Register now! These are known as Intrastat. The government has launched a series of new, on demand videos to help businesses familiarise themselves with the new rules . This would enable London to compete on a level playing field with other cities that do not charge the ARR. Britain was the world’s No. Jan 1, 2021 | Richard Asquith Share: Share to Facebook Share to Twitter Share to LinkedIn. As we approach a crunch vote on Prime Minister Theresa May’s Brexit deal, a no-deal result is still a possibility – so too the prospect of an extension to the Article 50 process beyond the March 29 deadline. The Artist’s Resale Right (ARR), is one of the biggest impediments to the development of the antique trading market in the UK. Can I still take goods to and bring goods back from the United Kingdom after Brexit? 31 December 2020 Guidance Moving prohibited plants, plant pests, pathogens and soil As a result of Brexit, there are changes to your consumer rights when buying online from businesses in the UK. Share this content. If the antiques were to stay in the UK, someone could buy them and keep them in the country, but with the lack of finances, that may be unlikely. You need to file customs declarations when importing or exporting any goods to/from Great Britain (the UK excluding Northern Ireland) or when moving your goods through Great Britain. This would make the UK less attractive as an antiques trading and investment destination and may lead to a decline in the antiques trading market in the UK. "I had no idea at all I was going to be charged any more for deliveries after Brexit. You will have to declare all post Brexit imports. 4.8k. Exporting after the Brexit transition period. British shoppers who bought items from European websites are facing post-Brexit demands of more than £100 in import duties that must be paid before parcel firms will deliver the items. Make sure you have a GB EORI. You may require an import customs representative if you are not a UK-resident importer. Buying things from Europe from 1 January 2021 The Brexit transition period has ended and new rules for buying things from Europe now apply. Before Brexit, goods could move freely between the UK and the EU without import taxes. The Dutch government is currently analysing the agreement in more detail. The UK left the European Union on 31 January 2020. You are legally obliged, as importer of goods from GB, to submit an electronic import declaration to Irish customs. With dwindling public finances, there will be less funding available for antique trading. In France, the EORI number given to your entity will start with FR, followed by your SIRET number. Businesses importing into the UK from the European Economic Area will need to carry out due diligence confirming that the timber product placed on the UK market has been legally harvested to meet the UK Timber Regulations. Stay ahead of the curve, sign-up to VAT Voice, our essential monthly round-up of VAT, GST and legislation news. You can choose to ignore these and push the bill and paperwork to your customers. It is best practice to complete import customs declarations as early as possible in 2021. | Richard Asquith. istock_Brexit_egal . Importing and Exporting from Europe After Brexit. Robert Hardy. Timothy Adler . This includes them having: 10. However, the status quo shall remain up until a year later. This includes customs import declarations, import duties or tariffs (if payable) and import VAT. 0. The threat of an increase in import VAT across the EU is what concerns many antique dealers and auction houses. Higher taxes on art and antiques will affect art and antique fairs in the UK, which deals with many buyers from the EU. NI has a different VAT and customs Brexit regime. This includes obtaining a statement of origin from the exporter or the importer of record applying 'importer knowledge'. Following on from our previous blog article, there will be new regulations in place regarding moving goods to and from the EU if the UK leaves the EU without a deal. Therefore, the UK would have greater economic union with many other countries including countries outside the EU. Currently EU and non-EU sellers selling goods online to EU consumers can import the goods into the EU, directly to the consumer, import VAT-free if the consignment of good(s) is valued at €22 or below. Jason Croke answers your queries about shipping goods to the EU or receiving goods from the EU, and tries to plug the gaps left by the minimal HMRC guidance. Sign up for our free newsletter stay up-to-date with the latest tax news. Brexit occurred at the end of January 2020 and a UK-European Union (EU) trade deal was reached before the transition period ended on 31 December 2020. In the event of a hard Brexit, some imports and exports which are not now subject to licensing in trade with the UK will become subject to licensing. Download your free guide, Business after Brexit, and discover what you need to know and do from 1 January 2021 Part 1: Importing from the EU to the UK following Brexit (after 1 January 2021) Here’s … This is a factual information guide to help customers to prepare. That’s because the UK would have to trade with the EU under the basic rules set by the World Trade Organization (WTO). Although you have up to 6 months to complete the process, delaying your customs declarations will create a backlog, increasing administration costs and liability for any tax and duties due on goods. What characterizes the London antique trading market is that it large and global. Friday 22nd January 2021. 19 comments. After 31 December 2020, the UK is out of the EU VAT regime and customs union as the Brexit transition period ends. After Brexit takes effect, it is unlikely that we will have formed any trade deal with the EU or the rest of the world by the end of January 2020. There will now be a two-year period of negotiation. Then complete the supplementary declaration – or have your customs intermediary do so. Wednesday 25th September 2019. Businesses importing into the UK from the European Economic Area will need to carry out due diligence confirming that the timber product placed on the UK market has been legally harvested to meet the UK Timber Regulations. Legal, Trading terms. This page is currently out of date. This page is currently out of date. The UK requires VAT registered businesses to complete monthly reports on the movement of goods, 'arrivals', into the UK from the EU. The Brexit vote means that the United Kingdom will be leaving the European Union. What about customs duties? Many experts believe that a Brexit would help the UK take significant steps to unify tax systems, even the expenditure of national governments, and correct the imbalance that have seen the UK and other countries in the EU funding weaker nations in the EU. The UK has published its UK Global Tariff which provides levies by product. This update provides the customs and VAT procedures for the export of goods from GB into the EU from 1 January 2021. Firstly imports from EU countries – No VAT is payable on importing goods to the UK from EU Member States. Therefore, a possible Brexit would have little or no negative impact on antique collecting and trading in the UK. The transition period that was in place ended on 31 December 2020. Since 1 January 2021, all UK businesses located in Great Britain (that is England, Scotland or Wales) that import or export goods to or from the EU need an Economic Operator Registration and Identification (EORI) number that starts with GB. You need a special licence to import or export certain goods (e.g. The EU is more focused on harmonization rather than nurturing of the antiques trading market. Avoid the Brexit import VAT trap. How can I check if I already have an EORI number ? Jan 1, 2021 | Richard Asquith Share: Share to Facebook Share to Twitter Share to LinkedIn. This may result in an increase in taxes, with the wealthy being hit the most. Import plants and plant products from non-EU countries to Great Britain and Northern Ireland. If the import includes two parties, and not just one business moving goods between the UK and EU, they need to agree which side will be responsible for the clearance requirements. Now, for goods costing more than £135, customs duties may apply, which can range from 0 per cent to 25 per cent. Legal, Trading terms. (It has dropped but by 10am it is already recovering). This website uses cookies to improve your experience. As a result, the antique trading and art market in the UK may suffer significantly. Maybe it imports sub-assemblies too, as well as exporting finished goods. This is instead of paying import VAT. The art trade benefits from the UK's low import duty. 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