Not enough businesses signed up for post-Brexit paperwork, bosses warn

Not enough businesses signed up for post-Brexit paperwork, bosses warn
Not enough businesses signed up for post-Brexit paperwork, bosses warn

Not enough businesses in Northern Ireland are signing up for paperwork designed to allow trade with the Republic and Europe after a no-deal Brexit, industry chiefs warned.Anyone who wants to export into the Republic of Ireland or the EU must register for the European Operator Registration and Identification (EORI) scheme.
Glyn Roberts, chief executive of Retail NI, and Aodhan Connolly, director of the Northern Ireland Retail Consortium, met officials following the release of a Department of the Economy report that 40,000 jobs are at risk following a no-deal departure.Mr Roberts said: “It is hugely disappointing that the sign-up rate for the EORI scheme in Northern Ireland is nowhere near where it should be even in comparison with the rest of the UK.“It is essential that businesses start to engage with both DAERA and HMRC on these schemes, particularly micro and small businesses.“The lack of proper preparation could mean the difference between make and break for some businesses.”The local economy is more reliant on consumer spending than the rest of the UK.
Mr Roberts added: “Our politicians must be aware of the effect that a no deal will have for our consumers.“With households here having half of the discretionary income of Great Britain households, any cost rises will be felt hardest in Northern Ireland.“We need to protect our business and consumers.”It is estimated that the Department of Agriculture, Environment and Rural Affairs (DAERA) will have to undertake 100 times the checks and will have a 10,000% increase in export health certificates.A single mixed load lorry could need 100 export health certificates, business leaders believe.Mr Connolly said: “Supply chains are only as strong as the weakest link so businesses need to start thinking about what goes into their products and where their products come from and go to.
“Businesses need to take action now to ensure that they have made the preparations and mitigations needed to keep their goods flowing.READ MOREBuckle up for sterling and the new British leader“Any product that goes across the border, should that be a sandwich or a pizza, will need an export health certificate. Businesses will also need to inform DAERA exactly what is being moved.“If a product is made of several ingredients, exporters will have to prove the provenance of each of the ingredients which adds cost and complexity to the supply chain.”Meanwhile, businesses south of the border are also being warned that they must be ready for trading after Brexit.Chartered Accountants Ireland is urging Irish businesses to assess whether or not they have gaps in customs knowledge that could prevent them from trading with the UK post Brexit.
Regardless of whether customs duties apply, in order to move goods to, from and through the UK, customs declarations must be submitted to Revenue, they said.“Regardless of the form Brexit will take, Irish traders need to file customs returns before they can move their goods to, from or through the UK,” Chartered Accountants Ireland Director of Public Affairs, Dr Brian Keegan said.“To complete the returns, traders need to know the goods classification number or commodity code, the customs value of goods and the origin of the goods to determine the amount of any duty payable.“Otherwise, goods will be detained at ports and borders because Revenue officials will check that the proper declarations are in place,” he added.– Press Association, additional reporting Digital DeskREAD MORECork Chamber gets in summer spirit

Source: Business News