Prepare for customs checks and controls after Brexit, say Chartered Accountants

Businesses need to get serious about the prospect of a no deal Brexit

Today (Monday 16 July 2018), Chartered Accountants Ireland and the Institute of Chartered Accountants in England and Wales (ICAEW) have unveiled a joint publication which will help both Irish and UK businesses prepare for customs checks and controls that they could face after Brexit.

The publication, entitled “Taking the Lead – Chartered Accountants and Brexit” provides easy-to-follow guidance on how the EU customs system works, how customs duties are paid, and also helps readers in Ireland and the UK understand supply chain challenges and other barriers to trade which they are very likely to face after Brexit. Many traders in Ireland and the UK will be dealing with these issues for the first time and for them this guide will be critical.

President of Chartered Accountants Ireland, Feargal McCormack said: “Businesses need to get serious about Brexit now. Given the outcomes of the negotiations so far, a no-deal Brexit is a realistic prospect and traders need to examine their supply chains, look at their cash flow and get update customs knowledge in order to deal with a potentially hazardous trading landscape. This guide will go a long way in helping to do this.”

Chartered Accountants Ireland is providing this guide to all of our members and to elected representatives across the island.

For more information contact f.mccormack@fpmaab.com