Feature Article
Preparing your business for Brexit
By Carol Lynch, Partner, Customs and International Trade Team.
 

As the date draws closer to the 29th March deadline we are now in a high risk situation for Trade with a serious potential of the UK crashing out of the EU without a Trade Agreement.   

Irish Businesses at this point must ensure they have the requisite Customs Authorisations in place to allow their businesses to continue to import and export from what will shortly be a Non-EU Country.

 

Along with our step-by-step guide outlined below, we are advising businesses to:

  1. Stock pile critical items for manufacturing and sale
  2. Avoiding shipping or moving goods the week of the 29th
  3. Apply Immediately for a Customs Registration (EORI) - see step 1 below

Step 1

Ensure you have a Customs Registration Number – EORI

If you intend to act as an importer from / exporter to the UK and the EU, you cannot do so unless you are registered with Customs. Similarly you will be required to have a UK Customs registration to export from / import to the UK.

 

Step 2

Establish whether you need to obtain a Deferred Payment Account and, if so, put in place a guarantee provision with your bank to cover the duties that are going to be suspended.

A Deferred Payment Authorisation will allow you to import goods into Ireland from the UK and defer the payment of Customs Duties and Import VAT to the month following import.

If you export to the UK you should also now request a Deferred Payment Authorisation from HMRC.

 

Step 3

Ensure your tariff classifications are 100% correct and, from this, confirm the duty rates that may be payable.

 

Step 4

Ensure you have a clearance agent to lodge Customs Declarations on your behalf

A clearance agent will act on your behalf to enter your Import and Export Documents into the Customs System (AEP,Ireland and CHIEF, UK).

 

Step 5

Talk to your suppliers and customers to confirm who is acting as Importer and/or Exporter of Record for your purchases and sale

They are responsible for the payment of the Import Duties along with customs compliance.

 

Step 6

If you trade in Agricultural goods, and particularly if those goods are of animal origin, then additional Veterinary checks and certs will be required along with additional time frames for notifying Customs of Imports.

 

Step 7

Put Together a Customs Procedure Going Forward

As you may now be importing/exporting for the first time it is essential to draft a Customs Procedure to ensure the correct processes are put in place for Importing and Exporting your goods.

 

Step 8

After completing steps 1-7 you can look to apply for the Authorised Economic Operator (Trusted Trader Customs Authorisation.

This is a complicated process and requires a considerable number of procedures to be in place from both a Customs, IT, Accounting, Logistics and Supply Chain Security perspective.

The average time frame to securing AEO status is 4-6 months in Ireland and 9-12 months in the UK.

 

In summary we strongly recommend that businesses prepare a customs plan, along with a wider VAT, Tax and Supply Chain plan to ensure any risks of delays are addressed and the relevant procedures are put into effect to enable the efficient movement and clearance of goods.

 

BDO are currently running weekly sessions from now until the end of March so that businesses can familiarise themselves with the basics of Customs and what you need to do to be ready. 

 

For more information contact the BDO Customs and International Trade Team at brexit@bdo.ie.

More News
Open Days Tara talk for Start Ups (28th February, The Tara Building, Dublin)
 

Thinking of setting up a business? Need to develop your skills/ knowledge? Want to scale up your business? 

Dublin Chamber team is inviting you to join "Open Days Tara talk for Start Ups" 


Whether you are looking to expand to international markets, meet new partners or need advice, you are welcome to stop by and say hi!

 

The Dublin Chamber team will be there presenting on how you can internationalise your business with the help of Dublin Chamber through their programmes such as the Enterprise Europe Network and Erasmus for Young Entrepreneurs.Book a spot email: maria@dublinchamber.ie
Date: Tuesday 28th March
Time: 12.40pm
Location: The Tara Building, Tara Street, Dublin 2

Ireland and Hong Kong - Gateways to success
 

Hong Kong ranks high in the world’s leading surveys on best business cities, economic freedom, competitiveness, opportunity and ease of doing business.

If you are interested in doing business with Hong Kong, please register here

 

This briefing will present on topics including individual experiences in Hong Kong and wider Asian markets, best practice methods, common challenges and market entry strategies. Daisy Ip of the Hong Kong Trade Development Council (HKTDC) will be in Dublin Chamber on December 10th to meet Irish companies interested in business opportunities in Hong Kong and China. This brieifing will help identify suitable suppliers, buyers and potential business partners in Hong Kong using HKTDC database of over 100,000 Hong Kong companies. Register below for a one-to-one meeting, which will be provided on a free of charge, personalised and confidential basis. This event is hosted by Hong Kong Trade Development Council, Ireland Hong Kong Business Council and Dublin Chamber. 

 

Why should you attend?
•Hear about opportunities for Irish companies in the Chinese market
•Learn about best practice for doing business with Hong Kong
•Hear from experts with first-hand experience

 

This event is hosted by Hong Kong Trade Development Council, Ireland Hong Kong Business Council and Dublin Chamber.

 
Erasmus for Young Entrepreneurs
 

2019 marks the 10 year anniversary of the Erasmus for Young Entrepreneurs programme. Erasmus for Young Entrepreneurs is a cross-border exchange programme which gives new or aspiring entrepreneurs the chance to learn from experienced entrepreneurs running small businesses in other Participating Countries.

If you would like to become a participant, you can register here 


Dublin Chamber is the intermediary organisation for Ireland working with host entrepreneurs in Ireland and new entrepreneurs across Europe.

 

As a host entrepreneur participating in the programme, you will benefit from the exchange by having the opportunity to:

  • Learn about foreign markets, expand your business opportunities and engage in cross-border activities;
  • Network and build strong relationships, which can be useful for mutual consulting, business referrals, and for finding business partners abroad;
  • Improve your language skills;

 

As a new entrepreneur participating in the programme, you will benefit from the exchange by having the opportunity to:

  • Learn from an experienced entrepreneur about successfully running a company, while strengthening sector-specific skills;
  • Discover potential cooperation opportunities;
  • Improve your language skills;

For more information on the programme please contact: maria@dublinchamber.ie

 

Malta AI & Blockchain Summit 2019 (23rd-24th May, Valletta, Malta)
 

2018 was the year Malta cemented itself as The Blockchain Island with the launch of three bills during the Malta AI & Blockchain Summit last November.

Call to action for all Irish exporters: https://maltablockchainsummit.com/  


In 2019, the Blockchain & A.I. Nation is moving beyond the hype. The Maltese Government will enact a world first: a fourth bill, giving a D.A.O. its own legal personality. In addition, a task force is also working around the clock on a set of incentives that will support businesses in Artificial Intelligence.

 

With an incredible line up of speakers and events which include 

- AI startup pitch

- STO Battle

- Knights of Blockchain 

- Malta AI & Blockchain award 

 

For more information and to book a pass for this incredible event please look here: https://maltablockchainsummit.com/  

 

 

This event is brought to you in cooperation with the Maltese Chamber of Commerce, Enterprise and Industry and the Enterprise Europe Network. 

IoT, AI & Robotics brokerage event (10 - 11 Apr 2019, Lyon, France)
 

This year will be the 5th year of the Sido IoT, AI & Robotics brokerage event. It will take place on the 10th and 11th of April 2019 in Lyon, France

At Sido, meet international partners and develop new opportunities with disruptive technologies! 

You can register now on: https://iotmatchsido2019.b2match.io/signup 


This years event will also include showrooms, and conferences along with the brokerage event 

 

There are 7 main sectors invited to attend

- Industry

- Healthcare

- Energy

- Smart City

- Transport

- Consumer Experience

- Agritech

 

 

For more information on the event: https://www.sido-event.com/en/ 

 

 

Register now for the IoT, AI & Robotics brokerage event and get the chance to boost your international connections, thanks to Auvergne-Rhône-Alpes Entreprises and the Enterprise Europe Network! 

 

You can register now on: https://iotmatchsido2019.b2match.io/signup 

 

Brokerage registration is open until 1st April 2019. 

Looking to export?
 

The Export & Consular department based in Dublin Chamber are experts when it comes to helping companies to get goods shipped abroad, to register products in export markets and to visit export customers.


Dublin Chamber’s experienced staff organise the legalisation of documents for international trade, legal or commercial requirements and inter-country adoptions. Our couriers go on a daily basis to the Department of Foreign Affairs, the Supreme Court, the Joint Arab Irish Chamber of Commerce and any necessary Embassy in Dublin as well as to London based Embassies and the British Foreign and Commonwealth Office to ensure that your documents have all the necessary stamps and seals for full compliance to international regulations. We also offer advice on the requirements for each country. Our fast and efficient service ensures prompt processing of your vital documents.

 

 

The Export & Consular offers a wide range of services including:

•             Certificates of origin issued and stamped

•             Certification of export documentation

•             ATA Carnets, for the temporary export of goods, issued,

•             Legalisation of export and regulatory documentation,

•             Visas for your business travel needs.

 

 

Export Services – We make getting goods shipped broad easy.

 

For further information on any of the above services please contact:

Richard Brown (01 644 7204 / richard@dublinchamber.ie)

Aleksandra Balcerzak (01 644 7205 / aleksandra@dublinchamber.ie)