Exporting goods from the UK to Portugal post-Brexit requires adherence to new customs regulations, including the need for a comprehensive commercial invoice. This document is crucial for customs clearance and should include:
- Addresses of the seller/shipper and buyer/receiver
- Credit terms and payment method
- Currency of transaction
- Date of invoice/transaction
- Detailed description of the goods being transported
- EORI or tax ID numbers
- Gross and Net weight of the goods
- Statement of origin
The commercial invoice helps determine the amount of customs duty and import VAT that needs to be paid. Post-Brexit, UK firms exporting to Portugal should not levy UK VAT on the sale
Moreover, each product being exported needs a commodity code, which can be found using the UK government’s trade tariff tool. This internationally recognised reference number describes the specific product when importing or exporting goods. The code is essential for any import declaration and helps calculate the correct amount of tax and duties
Remember, finding the right commodity code can be complicated, so it’s advisable to seek professional help if you’re unsure. Following these guidelines will ensure a smooth customs process for your exports from the UK to Portugal.