Source: Lexology
As the legal and regulatory challenges of a "no deal" Brexit start to crystallise, the in-house legal specialist is doubtless busy answering questions about their exposure to risk of non-compliance across multiple areas. For many businesses, particularly in the manufacturing and retail sectors, in-house legal teams are being asked to extend their remit to trade compliance. This includes customs reporting obligations and how that may look in practice for goods arriving from the European Union post 29 March 2019. Customs is often mistakenly treated as a "black hole" or outsourced function to be handled by a nominated freight agent. This in itself creates a risk for the importer or exporter i.e. the owner of the goods.
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