Leading UK accountancy firm Mazars held a very insightful webinar this week into the complexity of trade between the EU and UK. One of their examples was the movement of grand pianos!
The webinar looked at the impact of the EU-UK Trade and Cooperation Agreement on business continuity, supply chains and the new rules for importing and exporting. Their expert panel discussed several real-life scenarios, drawing on their experiences of supporting their client companies through the first six weeks in the new regulatory and operating environment, as well as turning their attention to longer term, strategic considerations and opportunities.
The three real-life scenarios were:
- Scenario 1: Importing goods or parts into the UK from Europe and then re-exporting them back to the EU and how imported goods can be “transformed” to then be exported to the EU tariff-free
- Scenario 2: Setting up in the Europe to mitigate risks (starts at 25 mins)
- Scenario 3: Buying product from the Far East and selling them into the UK and EU – what do you need to consider (starts at 34 mins)
Watch the Webinar here: https://vimeo.com/513018701