New at Gowling WLG: Customs & Trade

06 November 2018

In five months, the UK is due to leave the EU and the 145,000 VAT-registered UK businesses that currently trade only with the EU will become importers and exporters. HMRC estimates this will require an additional 200 million customs declarations per annum. Yet many UK businesses simply do not have the expertise required to comply with such customs formalities.



Trade compliance is crucial in a post-Brexit trading environment. Failure to comply with these complex new customs procedures risks significant financial penalties and reputational damage. In this ever-changing geopolitical climate, businesses need traction, not friction.

To successfully navigate these risks, it is vital that businesses implement an effective trade compliance programme - but with a UK-wide lack of expertise, this is not a simple task.

Gowling WLG recognises the trading challenges created by Brexit. To assist your business overcome these challenges, we have built on the existing strengths of our Trade group to add a new service offering; customs & trade.

Download our Customs & Trade flyer for a more detailed overview of our newly created customs and trade service offering.


NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.