What Does Brexit Mean For F4E?
Since the 21st January this year the UK has no longer been part of the European single market.
The consequences of Brexit for online commerce is far-reaching and costly with customs duties now having to be paid on imported and exported good, in a similar way that merchandise bound for or coming from Switzerland or Norway. As a result, traders and manufacturers face more challenges, greater workload and increased costs.
“Our solution offers significant cost and time savings for traders and manufacturers who would like to continue to sell their goods smoothly in the UK’s e-commerce market or to expand into it,” says Heinz Karow, President of the F4E network. “Customs duty is paid on the goods as they are imported, and they are then stored by our F4E UK member and packed and despatched as instructed by the customer. Duty is no longer payable on individual items sent to consumers. Customers also have a point of contact for advice and assistance with day-to-day business or with special cases.”
F4E in the UK and throughout Europe offers e-commerce traders comprehensive solutions services ranging from fiscal representation and customs clearance to product liability and safety regardless of whether they are trading from their own e-shop or on established online marketplaces.
F4E Brexit Solutions
Helping to find ways through the red tape.
Within the F4E network a returns hub has been set up in each target country, so there is a local address for returns. The F4E partner processes returns, notifies the receipt of goods via an interface and remits credits to end customers. As returns are shipped in bundles to the country of origin, this too reduces shipping costs.