The UK Government’s Border Operating Model (BOM) was published by the Cabinet Office on the 13th July. It is a 206-page plan that documents the processes and systems, across all government departments, that will be used at the borders of Great Britain from 1st January 2021 i.e. post EU transition period.

Companies engaged in trade with the EU absolutely need to understand this plan, how it stands to impact their operation, and importantly, what they need to do to prepare.

What will be covered?

• Phased approach to implementation and what that means
• Customs declarations and deferrals
• New customs duties
• Accounting for import VAT
• Security declarations
• Import facilitations and simplifications
• The implications and additional requirements for certain goods

This is the second in a series of 11 webinars aimed at helping companies prepare for international trading post EU transition period. Future webinars include:

• Exporting post EU transition, a practical guide for novice and seasoned exporters
• Importing post EU transition, a practical guide for novice and seasoned importers
• Understanding international trade documentation post Transition Period
• Understanding the new UK Global Tariff and trading under preference
• Imported goods valuation for Customs – ensuring HMRC compliance
• The importance of Incoterms in international contracts
• Managing financial risk and getting paid when trading internationally
• Developing overseas markets and managing international partners
• Effective international supply chain management

This series of webinars is a partnership between Buckinghamshire Business First, Cambridgeshire & Peterborough Combined Authority, New Anglia Growth Hub, OXLEP Growth Hub and SEMLEP's Growth Hub.