No Deal Brexit – UK Tariffs and the NI/ROI Border
13 March 2019
Following the UK Parliament’s rejection last night (12th March) of the Withdrawal Agreement and the Joint Instrument, we now face a vote this evening (13th March) on whether or not the UK should leave the EU without a deal on 29th March 2019.
Much of the information needed in the decision-making process around leaving the EU without a deal, has only been released this morning including the documents listed below.
Should the UK Parliament vote against a No Deal exit from the EU this evening, these papers may become irrelevant.
EU Exit: Avoiding a hard border in Northern Ireland in a no deal scenario – the UK Government is committed to avoiding a ‘hard border’ on the Island of Ireland in a no deal scenario. The UK will achieve this by not introducing any new checks/controls or other customs procedures on goods moving to and from the EU (but only between NI and the EU).
https://www.gov.uk/government/publications/tax-information-and-impact-note-for-the-uk-tariff-2019/tax-information-and-impact-note-for-the-uk-tariff-2019 - this document gives headline information on the import tariffs that the UK will introduce in a no deal scenario, but this document does not relate to trade between NI and ROI. The intention is to set the tariff rate at 0% on some 95% of goods, but only for a temporary period of 12 months.
The Customs Tariff (Establishment) (EU Exit) Regulations – this document classifies goods according to their nature, and lists the commodity code of those goods classified. The document only has application in a no deal scenario, and not for trade between NI and ROI.
If you have any queries please contact your BDO adviser or any of the team listed.