No Deal Scenario

We recently received an update from colleagues in the UK regarding a meeting held with HMRC on Wednesday. We are informed that at present UK HMRC do not require Certs of Origin for goods arriving in the UK coming from third countries and are therefore not likely to require Irish goods arriving in the UK post Brexit/no-deal to be accompanied by a Cert of Origin.

 

We are informed also that in the event of a no-deal, client companies in the UK may request a Cert depending on their individual needs (re-exporting etc). This applies vice versa. Irish companies whose supply chain contains UK components may also need to apply for a Certs- this will depend on the needs of and requirements in the country of destination. In addition, companies using a Documentary Letter of Credit to finance shipments may be requested by the relevant bank to obtain a Certificate of Origin too. Should your members have questions about whether or not they will need a Cert of Origin, we advise that they examine their supply chain, check the requirements of destination third countries and also speak to their client/importer as to their own requirements.

 

Withdrawal Agreement Scenario

The status quo will continue as normal for the duration of the transition agreement

 

Future Trade Deal

In the event of a trade agreement between the UK and EU in the future, preferential movement certificates will likely be required but in Ireland, these documents are issued by Revenue, not Chambers.

 

Brexit Resources

I hope this update provides some clarity to both you and your members in the short-term. We’d also like to remind you that we’re frequently updating our website with all the latest news and resources- http://www.chambers.ie/policy/the-brexit-result-information-for-chambers/

 

For further information which includes tips for companies in preparing for a No-Deal Brexit, Click. Brexit Unit General factsheet and Chambers Ireland ‘No-Deal’ Preparation Factsheet

The attached information sheet is only a brief overview and should in no way be considered comprehensive. However, with no-deal approaching, these are some of the areas that demand immediate attention.

Further information contact Ballina Chamber of Commerce 096 72800.