UK Trade with EU

Treasury written question – answered on 21st July 2020.

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Photo of Paul Blomfield Paul Blomfield Shadow Minister (International Trade) (Brexit and EU Negotiations), Shadow Minister (Cabinet Office) (Brexit and EU Negotiations)

To ask the Chancellor of the Exchequer, with reference to the Border Operating Model, published on 13 July 2020, what estimate he has made of the timescale for applying for a deferment account number.

Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

HMRC are streamlining a number of their authorisation processes to make it quicker and easier for traders to use. New rules are being introduced to make it easier to access a Duty Deferment Account (DDA) at the end of the transition period. This means most businesses will be able to open DDAs without needing to provide a guarantee, unless they have a history of non-compliance or insolvency. Further detail on how these new rules will operate in practice will be provided in updated guidance in due course.

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