Latest research suggests that administration is now the key challenge for British business. Thanks to the new custom declarations, paperwork has soared out of control. It is estimated that the increased paperwork for customs processing is now costing the industry £13bn per year.
What effect is all this additional paperwork having on businesses? Over 70% of businesses said the administration increase was disrupting efficiency, and nearly half have been forced to employ more staff to handle the excess work.
Increased paperwork for customs processing is now costing the industry £13bn per year
It’s clear that the freight industry has had a difficult year, and it doesn’t seem to be getting any easier. The excessive levels of administration are holding businesses back from regaining lost ground. It seems that post-Brexit stabilisation is going to be an ongoing process.
Businesses will need to find a way to handle the new levels of customs paperwork, which means implementing new processes and bringing on more staff.
What's changed?
A new customs border has been created between the UK and the EU and changes have come into effect from 1st January 2021. To move goods across this new UK-EU border, a customs declaration for imports or exports has to be submitted to HM Revenue & Customs.
The accuracy, completeness and submission of customs data to HMRC is critical to keeping goods moving and mitigating the risk of non-compliance with rapidly changing border regulations.
How can we help?
The AWL team are fully briefed on the new post-Brexit policies and requirements. Give us a call or book a meeting. We’re more than happy to share our advice and help you get on top of your paperwork.