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Brexit’s trade problem is “just the tip of the iceberg,” e-commerce experts warn | Business News

Initial trade difficulties are “the tip of the iceberg” as companies adapt to new post-Brexit demand, according to compliance experts.

Hurricane Commerce, which specializes in cross-border e-commerce, said the dawn of a new relationship between the UK and the EU was a series of problems caused by the lack of complete and valid customs data and VAT currently paid for low-priced goods. He said he was throwing to the UK.

It emphasized that retailers on both sides of the channel have stopped ordering as a result of additional bureaucratic formalism and unexpected rates.

British complexity Trade agreement In Brussels, which was struck on Christmas Eve, companies had little time to understand the details of the new rules before they came into force on January 1.

The carrier was particularly hard to give it COVID-19 (new coronavirus infection) (# If there is no character limit, add parentheses when it first appears Restrictions in addition to the new era of trade.

Michael goveThe Cabinet Office minister warned on Friday about “significant additional disruption” of cargo in the coming days and weeks as the effects of stockpiles prior to January 1 were eliminated and trade traffic increased.

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Michael Gove Brexit Confusion Warning

Before submitting evidence to the Parliamentary Commission on the complexity encountered so far, Logistics UK Elizabeth Dejon’s policy director warns Sky’s Ian King Live of “urgent” attention to trade between the United Kingdom and Northern Ireland. He said there was a “specific challenge” he needed. Cargo volume will increase.

She explained how EU-required border-like administration is needed to avoid the return of a harsh border with the EU member state Ireland.

She told the program: “Approximately 25% of the trucks arrived at Holyhead earlier this week … there was no correct document.”

Ms. De Jung called for additional government support for carriers and ferry companies to navigate and simplify paperwork and further ease trade flows.

She also said that Northern Ireland supermarkets are procuring some products from the Republic to avoid early logistics difficulties.

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Market Traders: Brexit Bureaucracy Raises Costs

Martin Palmer, Hurricane’s Chief Content and Compliance Officer, said: “Online merchants, markets, postal operators and carriers are beginning to recognize the reality of Brexit and the end of the VAT exemption for low-priced goods by the UK government.

“The EU also removed the low VAT threshold in July, further increasing compliance pressure on all parts of the cross-border supply chain, similar to the problems currently experienced in all EU countries. I have a problem. UK.

“The first week and a half because Brexit is just the tip of the iceberg.”

A range of UK retailers, including M & S, have also complained about potential tariffs on re-exporting goods to the EU under so-called rules of origin.

The hurricane explained that it is particularly “complex” given that these requirements apply not only to finished products but also to parts of the product.

Brexit’s trade problem is “just the tip of the iceberg,” e-commerce experts warn | Business News

Source link Brexit’s trade problem is “just the tip of the iceberg,” e-commerce experts warn | Business News

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