IoD warns a lack of preparedness will exacerbate port congestion when grace period ends in January
Nearly a third of British companies that import goods from the EU are “not at all prepared” for full post-Brexit customs checks, according to a survey of business leaders, sparking fears of increased congestion at ports and worsening supply chain disruption.
From 1 January 2022, companies that import goods will no longer be able to take advantage of a temporary six-month grace period allowing them to delay making customs declarations to HMRC and paying any tariffs due. They will from that date have to do so immediately.