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Claiming preferential rates of duty between the UK and EU from 1 January 2021

HMRC have issued further guidance on claiming preferential rates.  From 1 January, if your goods originate in the EU or UK, you may be able to claim a preferential rate of duty when imported into the respective countries and released to free circulation. This means they’ll be free of Customs Duty.

Rules of origin

To claim preferential rates of duty, your product must originate in the EU or UK (as the exporting country) as set out in Chapter 2 of the Trade and Cooperation Agreement ‘rules of origin’ and the ‘Product Specific Rules of Origin’ contained in Annex ORIG-2.

The introductory notes to product specific rules of origin can be found in Annex ORIG-1.  You’ll need to know how to classify your goods when checking the product specific rules.

If your goods do not meet the rules of origin requirements (or if you cannot prove that the goods meet them) you’ll still need to pay Customs Duty. To find out the rate of duty, you’ll need to classify your goods correctly.

Proof of origin

To benefit from preferential tariffs when importing into the UK from the EU (or importing into the EU from the UK), the importer will be required to declare they hold proof that the goods comply with the rules of origin.

You’ll be entitled to claim the preferential rate of duty if you have either:

  • a statement on origin that the product is originating made out by the exporter
  • the importer’s knowledge that the product is originating

If you’re delaying your declarations for goods imported into the UK from the EU you only need to include the declare a proof of origin when you make your supplementary declaration.

Statement on origin

The text for a statement on origin is in Annex ORIG-4 of the Trade and Cooperation Agreement.

When exporting from the EU to the UK a statement on origin can be made out by any exporter where the value of the consignment is 6,000 euros (currently £5,700) or less. Above this amount the EU exporter must have a Registered Exporter (REX) number and include it in the statement.

When exporting to the EU you must include your EORI number in any statement you issue to your EU customer, regardless of the value.

The statement on origin must be provided on an invoice, or any other commercial document (excluding a bill of lading), describing the originating product in sufficient detail to enable its identification.

It will be valid for 2 years from the date it was made out on imports into the UK and 12 months for imports into the EU.

Importers knowledge

‘Importers knowledge’ allows the importer to claim preferential tariff treatment based on evidence they have obtained about the originating status of imported products. This evidence must be in the importer’s possession, be in form of supporting documents or records which may be provided by the exporter or producer and provide evidence that the product qualifies as originating.

As the importer is making a claim using their own knowledge, no statement on origin has to be provided by the exporter or producer.

Suppliers’ declarations

Until 31 December 2021, if you’re claiming preference on the basis of the importer’s knowledge or making out a statement on origin, you do not need to hold a supplier’s declaration at the time you’re claiming preference for goods imported from or to the EU.

But the importer must be confident that the goods meet the rules of origin. You must make every effort to obtain suppliers declarations retrospectively.

HMRC will publish more information in due course, full details and any subsequent updates can be found on the Government website.

Chambers initial response to the announcement of a UK-EU trade agreement

Providing an initial response to the announcement that the UK and EU have reached a trade agreement, BCC Director General Adam Marshall said:  

“After four long years of uncertainty and upheaval, and just days before the end of transition, businesses will be able to muster little more than a muted and weary cheer.  

“While firms will welcome the agreement of a new foundation for UK-EU trade, they are now faced with the gargantuan task of adapting to new arrangements with scarcely a week before they take effect.  

“Businesses will need to digest the contents of the deal and consider what its provisions mean for the movement of goods, people and data across borders, as well as for their supply chains and partners.  

“We repeat that it is the responsibility of Government to give firms clear, precise and detailed guidance so that they can make the required changes quickly. Far too many details and procedures have been left, literally, to the last minute.  

“Let’s not forget that many businesses are already on their knees from the impact of the Coronavirus crisis, and most will have fewer resources available to implement the necessary changes with furloughed staff and Christmas holidays.  

“Governments on both sides must recognise the impossible task they have set businesses and give businesses time and breathing space to adjust to new realities. It is normal for free trade agreements to come with phasing-in measures, and this one should be no different. 

“Now that the two sides have reached agreement, we call on them to proceed speedily to ratification to give certainty to our economies and trade, and to allow businesses to look to the future.  

“It is now time to bring the political drama of the last four years to an end, and to replace it with pragmatism and determination to make the new UK-EU relationship work. The agreement can and must be a starting point for deeper cooperation as we restart, rebuild and renew our economies.  

“With greater clarity on the terms of trade, businesses can plan, invest, and look once again toward new opportunities.”  

Norfolk in Tier 4 from Boxing Day

On Wednesday 23 December, Matt Hancock announced thst Norfolk will be moving to Tier 4 restrictions from 00.01 Hrs on Boxing Day (26 December 2020).  

Tier 4 restrictions for businesses and venues:

Businesses and venues which must close

To reduce social contact, the regulations require some businesses to close and impose restrictions on how some businesses provide goods and services. The businesses required to close include:

  • non-essential retail, such as clothing and homeware stores, vehicle showrooms (other than for rental), betting shops, tailors, tobacco and vape shops, electronic goods and mobile phone shops, auction houses (except for auctions of livestock or agricultural equipment) and market stalls selling non-essential goods – these venues can continue to be able to operate click-and-collect (where goods are pre-ordered and collected off the premises) and delivery services
  • hospitality venues such as cafes, restaurants, pubs, bars and social clubs; with the exception of providing food and drink for takeaway (until 11pm), click-and-collect, drive-through or delivery
  • accommodation such as hotels, hostels, guest houses and campsites, except for specific circumstances, such as where these act as someone’s main residence, where the person cannot return home, for providing accommodation or support to the homeless, or where it is essential to stay there for work purposes
  • leisure and sports facilities such as leisure centres and indoor gyms, indoor swimming pools, indoor sports courts, indoor fitness and dance studios, indoor riding centres, and indoor climbing walls
  • entertainment venues such as theatres, concert halls, cinemas, museums and galleries, casinos, amusement arcades, bingo halls, bowling alleys, skating rinks, go-karting venues, indoor play and soft play centres and areas (including inflatable parks and trampolining centres), circuses, fairgrounds, funfairs, zoos and other animal attractions, water parks and theme parks
  • indoor attractions at venues such as botanical gardens, heritage homes and landmarks must also close, though outdoor grounds of these premises can stay open
  • personal care facilities such as hair, beauty, tanning and nail salons. Tattoo parlours, spas, massage parlours, body and skin piercing services must also close. These services should not be provided in other people’s homes
  • community centres and halls must close except for a limited number of exempt activities, as set out below. Libraries can also remain open to provide access to IT and digital services – for example for people who do not have it at home – and for click-and-collect services

Some of these businesses and places will also be permitted to be open for a small number of exempt activities, including:

  • education and training – for schools to use sports, leisure and community facilities where that is part of their normal provision
  • childcare purposes and supervised activities for children
  • hosting blood donation sessions and food banks
  • to provide medical treatment
  • for elite sports persons to train and compete (in indoor and outdoor sports facilities), and professional dancers and choreographers to work (in fitness and dance studios)
  • for training and rehearsal without an audience (in theatres and concert halls)
  • for the purposes of film and TV filming

Businesses and venues which can remain open

Other businesses and venues are permitted to stay open, following COVID-19 Secure guidelines. This includes those providing essential goods and services, including:

  • essential retail such as food shops, supermarkets, pharmacies, garden centres, building merchants and suppliers of building products and off-licences
  • market stalls selling essential retail may also stay open
  • businesses providing repair services may also stay open, where they primarily offer repair services
  • petrol stations, automatic (but not manual) car washes, vehicle repair and MOT services, bicycle shops, and taxi and vehicle hire businesses
  • banks, building societies, post offices, short-term loan providers and money transfer businesses
  • funeral directors
  • laundrettes and dry cleaners
  • medical and dental services
  • vets and pet shops
  • animal rescue centres, boarding facilities, and animal groomers (may continue to be used for animal welfare, rather than aesthetic purposes)
  • agricultural supplies shops
  • mobility and disability support shops
  • storage and distribution facilities
  • car parks, public toilets and motorway service areas
  • outdoor playgrounds
  • outdoor gym, pools, sports courts and facilities
  • golf courses
  • archery/driving/shooting ranges (outdoors)
  • outdoor riding centres
  • places of worship
  • crematoriums and burial grounds

Public services

The majority of public services will continue and you will be able to leave home to visit them. These include:

  • the NHS and medical services like GPs and dentists. We are supporting the NHS to carry out urgent and non-urgent services safely, and it is vital anyone who thinks they need any kind of medical care comes forward and seeks help
  • Jobcentre Plus sites
  • courts and probation services
  • civil registrations offices
  • passport and visa services
  • services provided to victims
  • waste or recycling centres

Going to work

To help contain the virus, everyone who can work effectively from home should do so.

Where people cannot do so – including, but not limited to, people who work in critical national infrastructure, construction, or manufacturing – they should continue to travel to their workplace. Public sector employees working in essential services, including childcare or education, should continue to go into work.

Where it is necessary for you to work in other people’s homes – for example, for nannies, cleaners or tradespeople – you can do so.

Clinically vulnerable people are advised to work from home

If you are clinically vulnerable, you could be at higher risk of severe illness from coronavirus. You:

  • should be especially careful to follow the rules and minimise your contacts with others
  • should continue to wash your hands carefully and more frequently than usual and maintain thorough cleaning of frequently touched areas in your home and/or workspace

Clinically vulnerable people are those who are:

  • aged 70 or over (regardless of medical conditions)
  • under 70 with an underlying health condition listed below (that is, anyone instructed to get a flu jab each year on medical grounds):
    • chronic (long-term) mild to moderate respiratory diseases, such as asthma, chronic obstructive pulmonary disease (COPD), emphysema or bronchitis
    • chronic heart disease, such as heart failure
    • chronic kidney disease
    • chronic liver disease, such as hepatitis
    • chronic neurological conditions, such as Parkinson’s disease, motor neurone disease, multiple sclerosis (MS) or cerebral palsy
    • diabetes
    • problems with the spleen
    • a weakened immune system as the result of certain conditions or medicines they are taking (such as steroid tablets)
    • being seriously overweight (a body mass index (BMI) of 40 or above)
  • pregnant

There is a further group of people who are defined, also on medical grounds, as clinically extremely vulnerable to coronavirus – that is, people with specific serious health conditions.

Over this period, the Government is advising the clinically extremely vulnerable to work from home. If you are clinically extremely vulnerable and cannot work from home, you are advised not to go to work and may be eligible for the Coronavirus Job Retention Scheme (CJRS), Statutory Sick Pay (SSP), Employment Support Allowance (ESA) or Universal Credit

Schools and colleges

Schools and colleges will remain open during term time in Tier 4 areas. 

The Government has confirmed that all secondary schools and colleges in England will be offered help, support and facilities to implement an additional round of free coronavirus testing from the first week of January.

This will be alongside a staggered return to face-to-face education in secondary schools, starting with exam years, vulnerable children and children of critical workers.

The offer of tests builds on the extensive protective measures already in place in schools and colleges to make them safe, as well as the government’s recent announcement that every secondary school and college in England will have access to rapid testing from January.

In schools and colleges where year 7 and above are educated, face coverings should be worn by adults (staff and visitors) and pupils when moving around indoors, such as in corridors and communal areas where social distancing is difficult to maintain.

Business support schemes – unchanged from Tier 3

The grant schemes are called:

  • Local Restrictions Support Grant (Open)
  • Local Restrictions Support Grant (Sector)
  • Local Restrictions Support Grant (Closed), which also features an ‘addendum’ following the reimposition of England-wide restrictions as of 5 November 2020
  • Additional Restrictions Grant

The Local Restrictions Support Grant (Open) Scheme:

  • The ‘Open’ scheme applies to businesses in Tier 2 and 3 areas which have been impacted by local restrictions but have not been required to close.
  • Local Authorities that accessed the Local Restrictions Support Grant (Open) due to Tier 2 restrictions will continue to be provided with funding to support severely impacted businesses under the scheme if the Local Authority moves into Tier 3.
  • Local authorities are explicitly given discretion to decide how to distribute the grants. The guidance requests they prioritise the “hospitality, hotel, bed & breakfast and leisure” sectors, but there will be “no penalty” for those that deviate from this guidance according to local circumstances.
  • Allocations of funding for this grant to each local authority will be made on the basis of the rateable properties in these sectors in the local authority area, plus a 5% ‘top-up’.

The Local Restrictions Support Grant (Sector) Scheme:

  • The ‘Sector’ scheme applies to businesses in sectors that have to close due to national regulations.
  • Grant funding for eligible businesses will be payable by Local Authorities in 14-day payment cycles with eligibility starting 1 November 2020.
  • In the event of renewed widespread national ‘lockdown’ restrictions being imposed, the Local Restrictions Support Grant (Sector) will cease to apply, as relevant businesses will receive funding from the LRSG (Closed).

The Local Restrictions Support Grant (Closed) Scheme:

  • The ‘Closed’ scheme applies to businesses in Tier 2 and Tier 3 areas that have been required to close.
  • Allocations of funding to local authorities will be based on the number of properties subject to closure in each local authority area.
  • In addition to this funding, Local Authorities will continue to receive funding for the Local Restrictions Support Grant (Open) scheme, which supports businesses that are allowed to remain open but are severely impacted by Tier 2 or Tier 3 restrictions. This continued funding will be subject to an adjustment which takes into account support provided through the Local Restrictions Support Grant (Closed).
  • Local Authorities will receive 80% of the estimated grant funding for the first 14-day period of closures, based on an initial Government estimate. When this threshold of funding has been spent, Government will top up funding to Local Authorities if required. If further 14-day periods of closures are imposed, Local Authorities will receive the full required funding from Government to pay all eligible businesses that are mandated to close. To ensure efficiency and a smooth funding delivery process, unnecessary underspend should be avoided where possible.
  • The guidance does not say local authorities can use their discretion to allocate grants in the way set out in the ‘Open’ scheme guidance.
  • The guidance states that pubs and bars that operate click-and-collect services are to be treated as closed and therefore eligible for the grant.
  • The guidance also states that businesses that do not depend on supplying direct in-person services from their premises are not eligible for the ‘Closed’ grant. Examples include solicitors and accountants.

Additional Restrictions Grant (discretionary):

  • Under the Additional Restrictions Grant, Local Authorities will receive a one off lump sum payment amounting to £20 per head in each eligible Local Authority area. The funding can be used in financial years 2020-21 and 2021-22, and it can be used for general “business support activities”.

Christmas Support Payments for wet-led pubs:

  • An additional £1,000 grant is payable for pubs where the majority of their income is from alcohol sales rather than food. The payment will be a one-off payment for December 2020. For public houses in Tier 2 and Tier 3 areas who derive less than 50 of their income from food sales.

In addition to the ‘grants’ available, loan provisions, specifically targeted at trying to alleviate the cash-flow and continuity impact of Covid restrictions are still live

Other business support schemes

The Coronavirus Business Interruption Loan Scheme (CBILS), and the Bounce Back Loan Scheme

(BBLS) have both been extended until 31st March 2021.

The Coronavirus Job Retention Scheme (furlough) has been extended to the end of April 2021.

Christmas Countdown of Charities Recap – Week 3

For December we are running our Christmas Countdown of Charities here at Norfolk Chambers, where throughout the month we will be sharing stories and updates from a variety of Norfolk Charities.

Below is a recap list of the Charities we shared last week, along with links to the posts we sent out on LinkedIn:

15th December – Soul Church

16th December – The Matthew Project

17th December – Leeway

18th December – The Norfolk Hospice

19th December – Norfolk Blood Bikes

20th December – The Well

21st December – Sculthorpe Moor Nature Reserve – Hawk and Owl Trust

Be sure to keep an eye on our Facebook and LinkedIn pages leading up to Christmas to see which other Charities will be featured!

Chambers respond to announcement of ‘Tier 4’ Coronavirus restrictions

Commenting on the introduction of ‘Tier 4’ of Coronavirus restrictions in England, with many businesses once again forced to close their doors from 20th December, BCC Director General Adam Marshall said:

“Christmas was already cancelled for many businesses, but even more will now suffer as a result of this last-minute decision.

“While Government must act on public health concerns, it must also address the economic consequences of its actions. Will there be more help for firms being forced to shut their doors – and for those who have paid for stock they now can’t sell? What support will there be for companies whose cash flow projections have once again been thrown into chaos?

“The introduction of an additional tier without warning or additional help is a huge blow to businesspeople who wanted nothing more than to be able to trade safely through the holiday season and beyond.

“It is clear ministers across all four nations are now considering even tougher measures. With huge numbers of firms already on the edge, it would be unconscionable for further restrictions or closures to be announced without a more comprehensive package of support in place that gives businesses the confidence that ministers will stand by them through an uncertain year ahead.”

Chambers respond to extension of Coronavirus Job Retention Scheme and government-backed loan schemes

Commenting on the extension of government-backed loan schemes – the Coronavirus Business Interruption Loan Scheme, Coronavirus Large Business Interruption Loan Scheme and Bounce Back Loan Scheme – until the end of April, announced today by the Chancellor of the Exchequer, BCC Head of Economics Suren Thiru said: 

“Cashflow remains an urgent concern for many businesses, so the extension to the government-backed loan schemes is a common-sense step.  

“However, it is concerning that many firms who bank with non-accredited lenders remain effectively locked out of these vital financial lifelines. Government, regulators and banks must work together to ensure that all eligible firms can access this support to help them weather this challenging period.

“Government must also be ready to further expand the existing grant schemes to ensure that as many businesses as possible get access to the support they need.”

Commenting on the extension of the furlough scheme until the end of April, BCC Director of Policy James Martin said:

“The extension to the furlough scheme is a welcome move and will provide much needed certainly and support that many need to protect jobs and livelihoods. 

“Over the coming months, the government should continue to listen to business and evolve it support measures with the on the ground impact of the pandemic. Further cashflow support will be needed for companies who are unable to operate for an extended period, or those who face reduced capacity or demand due to ongoing restrictions. 

Great Yarmouth, Third River Crossing – Local Supply Chain Opportunities

BAM Farrans Joint Venture (BFJV) are undertaking the main works contract for Great Yarmouth Third River Crossing on behalf of Norfolk County Council. BFJV is committed to a local supply chain and working with local companies. Over 80% of our sub‐contractors are Small and Medium Enterprises (SME’s) and will be key to the successful delivery of Great Yarmouth Third River Crossing.

If you are a SME, local subcontractor or specialist supplier interested in working on the project please email [email protected] with contact details and type of works you are interested in.

Opportunities include:

  • Precast concrete
  • Traffic management
  • Scaffolding
  • Concrete supply
  • Building works – Control Tower
  • Catering
  • Cleaning
  • Security
  • Vegetation clearance
  • Diving
  • Safety boats
  • Aggregate supply
  • Marine plant
  • Land plant
  • Welding
  • Paving / asphalt
  • Groundworks

For further information about the project, please visit www.Norfolk.gov.uk/3rc

Alternatively call BFJV on 0800 083 8160

East of England taxpayers urged: Don’t miss the Self Assessment deadline!

With the busy festive season approaching, HM Revenue and Customs (HMRC) is calling on East of England’s 1,154,200 Self Assessment customers not to miss the 31 January deadline.

The 2019-20 tax return can be finalised at any time up to the deadline but HMRC is encouraging customers to complete it early to allow for more time to pay their tax bill or set up a payment plan.

Customers must complete a Self Assessment return if:

  • they’ve earned more than £2,500 from renting out property
  • they’ve received, or their partner has received, Child Benefit and either of them had an annual income of more than £50,000
  • they’ve received more than £2,500 in other untaxed income, for example from tips or commission
  • they are a self-employed sole trader whose annual turnover is over £1,000
  • they are an employee claiming expenses in excess of £2,500
  • they have an annual income of over £100,000
  • they have earned income from abroad that they need to pay tax on

HMRC’s Interim Director General of Customer Services, Karl Khan, said:

“The 31st January deadline for tax returns is still a few weeks away, but customers don’t have to wait until then. We’re encouraging them to beat the busy January rush and get their tax returns in now.

“We know that many people are affected by the coronavirus pandemic this year and we’re here to help if they need to spread the cost of their tax bill. It’s quick and easy to set up a payment plan online and there’s no need to call us to set it up.”

Once Self Assessment customers have completed their 2019-20 tax return, and know how much tax is owed, they can set up their own payment plan to help spread the cost of their tax liabilities, up to the value of £30,000. They can use the self-serve Time to Pay facility to set up monthly direct debits and this can all be done online. Interest will be applied to any outstanding balance from 1 February 2021.

To find out if they’re eligible, customers can visit GOV.UK to learn more about the service.

Customers can also now check on GOV.UK whether they need to declare, or possibly pay tax, on any ‘casual’ income they receive. The new interactive guidance is quick and easy to use and explains what individuals need to do if they receive non-PAYE income from:

• selling things, for example at car boot sales or auctions, or online

• doing casual jobs such as gardening, food delivery or babysitting

• charging other people for using your equipment or tools

• renting out property or part of their home, including for holidays (for example, through an agency or online).

Be aware of copycat HMRC websites and phishing scams. Customers should always type in the full online address www.gov.uk/hmrc to get the correct link for filing their Self Assessment return online securely and free of charge. They also need to be alert if someone calls, emails or texts claiming to be from HMRC, saying that they can claim financial help, are due a tax refund or owe tax. It might be a scam. Check GOV.UK for information on how to recognise genuine HMRC contact.

Works due to begin on Great Yarmouth’s Third River Crossing

Great Yarmouth’s Third River Crossing is one of Norfolk County Council’s most significant infrastructure development projects in recent years and will integrate with several other local development projects set to transform the town of Great Yarmouth.

The Great Yarmouth Third River Crossing will link the A47 at Harfrey’s roundabout to the port and the enterprise zone on the other side of the river. The bridge will ease traffic congestion on the town’s roads, shortening journey times and improving journey reliability, as well as supporting wider plans and work to maximise investment, regeneration and economic growth opportunities in the town and wider borough.

Construction work is set to begin on the Third River Crossing early in January 2021, with more than 50 local employment and training opportunities being created by the main contractor BAM Farrans and the wider supply chain during the delivery of the project, leaving a lasting legacy for the local area and its people.

BAM Farrans Joint Venture Project Director Tony Mulholland said “We’re thrilled to be involved with the construction of Great Yarmouth’s Third River Crossing, which will offer in excess of 50 employment and training opportunities for job seekers, students, graduates and apprentices through ourselves and our supply chain within Norfolk.

“Whilst constructing the new lifting bridge, our positive presence in Great Yarmouth will be felt through our community engagement, local recruitment and local spend.  We will be working with local schools to involve children in the project and will be encouraging local businesses to become part of the supply chain, playing an important role in the construction of this iconic bridge. We will be working with Norfolk County Council and Norfolk Chamber to provide more details on these opportunities in the coming weeks.”

Councillor Martin Wilby, Norfolk County Council’s Cabinet Member for Highways, Infrastructure and Transport said: “I’m delighted to see work on the long awaited Third River Crossing get underway and the commitment BAM Farrans have made to supporting the local economy.

“As well as providing jobs, it will make it much easier for people living and working in the borough to get around and provide crucial support to the town’s key industries, including those linked to the offshore energy and maritime sectors, tourism and manufacturing.  This is more important than ever now as we seek to help Norfolk’s economy recover from the effects of the coronavirus pandemic.”

Nova Fairbank, Head of Policy for Norfolk Chambers said: “A third river crossing in Great Yarmouth will help to improve that connectivity and create new jobs, of which 30% will be jobs for a local workforce.  It will improve links across the town and to the rest of the region and reduce congestion. All of which will save local businesses time and money, whilst allowing them to increase economic growth.”

The welcome news of works beginning in January 2021, follows an official letter from the Department for Transport, received by Norfolk County Council on Wednesday 25 November 2020, which confirmed the approval of the government contribution of £98 million, coinciding with the Chancellor’s Spending Review, enabling the construction of the new bridge following the conclusion of a year-long development consent order process.

The project is expected to cost £121 million overall, with the remainder of funding coming from local sources.

How will Brexit affect your customers?

There’s no doubt that many business owners and managers will have hundreds of questions and concerns about the direct impact of Brexit on organisations. But what about the effects on the end consumer? It’s essential that businesses understand how buying trends and consumer rights may be affected to help you plan ahead.

Through our Brexit Hub, we offer support on a business-to-business basis to ensure you are trading under new rules and regulations. However, below are some areas where your customers could be impacted. These areas are purely predictions and possible scenarios and are not certainties, but hopefully they can provide some clarity for your business.

Consumer rights

Many EU-based consumer rights have been incorporated into UK law so there shouldn’t be much difference whether there is a deal or no-deal. These unaffected rights include refund protection.

As of the 1st of January 2021, if you buy goods from Europe to sell to your customers with a refund policy, it would be a good idea to speak to your supplier about if this will change and update your own policy to reflect any updates. If consumers wish to seek legal action against EU based traders, enforcement from a UK court may be more difficult to achieve.

Tariff increases

Some tariffs could increase – your business may be in a position to absorb some of these costs, or you might have to adjust the prices of your products which could alter your customer’s buying habits.

Product delays

It’s possible we could see logistical delays as we approach the transition date. Especially in the instance of a no-deal, many goods including fresh food imports could be in short supply. It may be worth exploring a strategy on how to manage your customer’s expectations if you are worried about shortages.

Pound to euro

It’s difficult to say whether the pound will rise or fall following the transition date if we get a deal. And it’s possible that with a slight drop in the pound, this won’t have a significant impact on consumer prices. However, a no-deal scenario could amplify this impact considerably and costs could rise if you import certain goods.

Christmas Countdown of Charities Recap – Week 2

For December we are running our Christmas Countdown of Charities here at Norfolk Chambers, where throughout the month we will be sharing stories and updates from a variety of Norfolk Charities.

Below is a recap list of the Charities we shared last week, along with links to the posts we sent out on LinkedIn:

8th December – Norfolk Blood Bikes

9th December – Build Charity AND The Well

10th December – Big C

11th December – Norwich Puppet Theatre AND St Eds Society

12th December – Norfolk Community Foundation

13th December – Norfolk Scouts

14th December – National Centre for Writing AND Hopestead

Be sure to keep an eye on our Facebook and LinkedIn pages leading up to Christmas to see which other Charities will be featured!