What is a No-Deal Brexit? A No-Deal Brexit Review

What is a No-Deal Brexit? A No-Deal Brexit Review
No-deal Brexit, in simple terms, means that the British government will not be able to reach any satisfactory and correct agreement with the EU to leave the EU before March 29, 2019, referred to as "No Deal Brexit". The deadline for No Deal Brexit in English is March 29, 2019

 

as a result of

"No-deal Brexit" means there will be no transition period after Brexit, EU laws will immediately cease to apply to the UK, the trade relationship between the UK and the EU will return to the framework of the World Trade Organization, and both sides will face the problem of increased tariffs and trade barriers. "No-deal Brexit" is disadvantageous to both the UK and the EU.

Amazon Mail

Influence

EU Trademark Office Notification

Starting from March 30, 2019, the UK will leave the EU, and Amazon UK will no longer accept EU trademark registrations.

VAT usage

1. Whether it is VAT or tariffs, the UK is equivalent to non-EU countries

That is to say, when goods enter the EU market from the UK, British companies need to declare imports and pay the VAT of the importing country, and goods from EU countries entering the UK also need to go through customs declaration and customs clearance procedures.

2. UK cross-border sellers do not have a remote sales policy

Without the remote sales policy, cross-border sellers will also need to pay taxes locally when selling goods from the UK to EU countries. Therefore, in addition to the UK EORI number and UK VAT number, cross-border sellers must also register the EU EORI number and the country's VAT number for goods exported from the UK to EU countries.


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