If the United Kingdom decides to leave the European Union without a prior agreement, trade between States will be affected; because it will be like a third country.

As a result, it will no longer enjoy the benefits of the Member States, entailing higher costs and delays in the receipt of goods. Learn about all the consequences of Brexit on international trade from Spain:

Brexit to international trade from Spain: what are the consequences?

Firstly, with this step, the benefits of the member states would be lost, so that the simplifications in terms of VAT and EEI would be eliminated and customs formalities and measures regarding the import of goods from other states could be reestablished .

If we talk about consequences, we have before us a longer time to receive the goods and also higher costs.

Therefore, both the departure and arrival of goods will require the filing of a customs declaration to document the movement of goods.

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These are the main situations:

How will it be possible to import into the UK after Brexit?

By means of simplified dispatches.

In other words, the operator will submit a recapitulative declaration at the end of the monthly period, pay the amount of duties before the 15th day and if registered in the United Kingdom will be able to settle the import VAT dues through a deferred VAT system.

How will it be possible to import into the EU from the UK?

In this case, they will be governed by the mechanisms provided for in customs matters for importing products from third countries.

As a result, the benefits of the EU will be lost. It will be necessary to present the import SAD, some certificates, authorizations or controls may be required, pay the duties without reductions and accrual of VAT dues.

What about the export of goods from the European Union to the United Kingdom?

In this case, the export declaration and additional documentation must be presented at the time of dispatch. This would be sufficient for exports.

It may not seem like it, but there are many changes that would take place and that would affect many companies and international trade businesses.

In order to know how it affects you, it is important that you are aware of the consequences of Brexit on international trade from Spain.

However, if you have any other doubts or questions, remember that you can tell us so that we can clarify them for you. Shall we talk?