What Does it Mean?
This outcome means that Britain leaves the European Union without any trade agreements in place. This will add several steps to the process of shipping goods to EU destinations. Each step is described in detail below:
1. VAT Implications
In a No Deal scenario, consumers and businesses will no longer need to pay VAT on the shipping cost for any of their goods sent to the EU.
What Do I Need to Know?
- VAT will not be charged by Parcel2Go, however customs charges may still be applicable. These could include local VAT charges.
- As the sender, you will be responsible for the payment of any customs and Local VAT charges. This is the same process as shipping parcels to Non-EU destinations today. Find out more about VAT implications at a national level here.
2. Customs Clearance and Commercial Invoices
As a current member of the EU, the UK benefits from access to the Customs Union, which allows goods to be shipped freely, without any lengthy inspections from local customs authorities.