Customs and loans between museums
The European Commission has just published guidance on customs, which can be found here.
The returned goods section on page 13 is the most relevant part for loans between museums. This means that Returned Goods Relief can be claimed in a no deal scenario even if the UK leaves the EU after the goods have arrived and before they are returned.
HMRC no deal Brexit advice
HMRC has issued this letter to VAT-registered businesses trading with the EU and/or the rest of the world. It explains actions to take to prepare for changes to customs and VAT procedures, if the UK leaves in a no-deal scenario:
- getting a UK Economic Operator Registration and Identification (EORI) number
- Transitional Simplified Procedures for customs
- customs facilitations
- moving goods within the EU using the Common Transit Convention
- further controls for exports
- changes to accounting for VAT
- VAT registration checks
- EU VAT refunds
If the UK leaves the EU with no deal, from 11pm GMT on 29 March 2019, businesses registered for VAT in the UK will be able to account for import VAT on their VAT return rather than pay when, or soon after, the goods arrive at the UK border.