Europa launches frictionless Brexit product
Europa Road has launched a new customs product to preserve transit times and the flow of goods between the UK and Europe after the Brexit transition period ends on 31 December.
The basic premise of the product is that delays are created by the need to contact importers prior to delivery, to agree terms and collect VAT and duty prior to delivery.
The new product Europa Flow is designed to circumvent these issues. It achieves this by Europa acting as an EU Global VAT representative for its customers, zero rating EU import VAT and billing duty and fees back to the UK party.
These steps, plus the use of frontier declarations, will mean that clearance occurs whilst the goods cross the channel. By the time they arrive on the other side, they are free to deliver.
To deliver the service Europa has created two strategically located customs brokerage businesses known as 'frictionless trade services' in Lille, France as well as Oostende in Belgium. (mw)