Selling into Europe presents an even greater opportunity for those who are well-prepared.
You and your customers may be asking about future processes and costs. Will technical and safety standards remain exactly the same? What will the new duties and tariffs be? Will EORI requirements change? How much will inward and outward processing reliefs compensate for loss of free circulation benefits? What about VAT payment and reporting? Continue reading “Increase international sales to the EU before Brexit happens”
This week, we are delighted to have a guest post from
Edward Hardy, Corporate Market Analyst of foreign exchange specialists World First.
A UK-based company who imports from Europe by paying suppliers in euros has seen the rate fall sharply over the past twelve months, falling from a high of 1.44 to below 1.18 – a fall of over 18%.
Even if we assume the company had established a budget rate for the year at 1.35 and they’re now buying at the spot rate, they’re paying over 12% more for their euros than their budgets had suggested on January 1st.
What can you do? Continue reading “Guest Article: What if your costs increased by over 10%?”