Lots of enquiries from our lovely EU customers asking about buying an amp from us after Brexit, here's the lowdown...
What happens after Brexit?
The United Kingdom left the European Union on the 31st of January, after which it entered an 11-month long transition period. The Brexit transition period means the UK is no longer part of the EU, but it will remain a member of the single market and customs union.
This is good news for our EU customers, as nothing changes until after the 31st of December 2020.
Why does the UK need a transition period?
The EU required the UK’s membership of the European Union to come to an end before it can start to negotiate any new arrangements. The transition period provides time for the details of a new relationship to be worked out whilst ensuring that nothing changes for businesses until a new deal is agreed.
How long will the transition period last?
The transition period will end on the 31st December 2020. It is possible for the UK-EU Joint Committee to extend this period by up to two years, but must be agreed upon before the 1st of July 2020. If this deadline is missed, EU law makes it difficult to agree to any other extension.
What will change at the end of the transition period?
At the end of the transition period, the relationship between the EU and the UK will be determined by any new trade agreements that have been negotiated. This could involve the UK leaving the single market and customs union, with VAT and duty being charged in the destination country instead.
What does this mean for EU customers?
Nothing changes until at least the 1st of January 2021. Until then, EU customers can buy from Rift Amplification as normal—without customs checks or paying additional VAT and tariffs. Unfortunately, we will not know what changes there will be until after 31st December 2020 and any new trade agreements have been negotiated.