Avail of Customs Transit Procedure
The Minister for Business, Enterprise and Innovation, Heather Humphreys is urging businesses to make sure they are prepared well in advance to avail of the Customs Transit Procedure for moving goods through the UK land bridge post-Brexit. The Customs Transit Procedure removes the requirement for businesses who are transiting goods through a non-EU country to pay duties and complete customs declarations when they enter the country and again when they leave it to re-enter the EU.
Businesses will require two things in particular to avail of the Customs Transit Procedure:
- A Revenue-authorised Comprehensive Guarantee, covering transit through third countries, which the UK will be post-Brexit.
- To avail of the Transit element of that guarantee, a business must also have in place a financial guarantee from a bank, where the Department’s Credit Guarantee Scheme can be used by business to back their financial guarantee from a bank.
Read more on the procedure on www.gov.ie/brexit