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2021 Customs Regulations on the Import and Export Between the UK and Hungary

2021 Customs Regulations on the Import and Export Between the UK and Hungary

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Products imported from and exported to the UK became subject to customs duties as the UK withdrew from the European Union on 1 February 2020 and also left the EU customs union on 1 January 2021.

The UK’s departure from the EU also means that it is considered a non-EU country (“third country”) as of 1 January 2021. On the other hand, Northern Ireland is an exception, since EU customs and VAT will continue to apply in this country.

In case of customs administration relating to the UK, an Economic Operators’ Registration and Identification number (EORI number) must be requested from the Hungarian tax authority. The EORI number is issued by the Member State where the legal entity intending to carry out customs activities is established, or, in the case of third-country nationals, by the first EU Member State where it carries out an activity subject to customs. Furthermore, all products must have a customs declaration (as this is a requirement from third countries), for which the Hungarian tax authority carries out the customs procedure on the basis of the goods manifest.

By Gabriella Galik, Partner, KCG Partners Law Firm

KCG Partners at a Glance

KCG Partners is a Hungarian business law firm providing a comprehensive range of legal services to international and local clients seeking local knowledge and global perspective. The firm comprises business-minded lawyers with sector-specific expertise, creating value for clients by applying a problem-solving approach and delivering innovative solutions.

The firm has a wealth of knowledge in corporate law, M&A, projects and construction, energy, real estate, tax, employment, litigation, privacy and forensics, securitization, estate planning and capital markets.

To address clients’ regional and international concerns, the firm maintains active working relationships with other outstanding independent law firms in Central and Eastern Europe, whilst senior counsel Mr. Blaise Pásztory brings over 40 years’ of US capital market and fund management experience.

KCG Partners Law Firm is the result of the teamwork of passionate and talented lawyers guided by the same principles and sharing the same values: 

  • Our most valuable asset is our people. They are the engine of our business and the key to our success.
  • We push boundaries by looking for innovative solutions that can empower our clients to achieve greater results.
  • We place our experience, commitment and professionalism to your service.
  • We are driven by our vision to shape and lead the Hungarian legal market and become a first choice law firm in our practice areas.

Firm's website: http://www.kcgpartners.com