What is a TSP?

HMRC has introduced TSP to help make the import of goods to the UK from the EU after Brexit easier, by giving traders extra time to supply customs forms and apply any applicable duties.

This is essentially a watered down version of CFSP and was introduced for EU imports only. It allows the goods to cross the border (to the UK) with the final import declaration not due until the end of the month. TSP is super simplified and does not even require an SFD (simplified frontier declaration) unless the goods are on the controlled list, typically, excise goods, military goods and, annoyingly, fish! The bad news is that it has currently been withdrawn. It may come back, particularly for GB to NI movements.