After two previous proposals have divided opinion, a new plan for post-Brexit customs has been drawn up to present to ministers Friday, according to the BBC news website. The plan is reported to be a ‘significant step forward’ and will offer ‘the best of both worlds’...
HMRC’s CHIEF computer entry system has served the country well since its introduction in 1994, but is due to be replaced by its upgraded counterpart shortly – the Customs Declaration Service (CDS). The CDS system is being phased in from August, with CHIEF...
Customs Insights have recently produced an online duty and VAT calculator. This new tool delivers a quick indication of how the UK exit from the customs union could impact the cost of your products and your cash-flow. Last month we reported on a survey that suggested...
HM Customs last week launched a new factsheet to support their customs compliance checks, which is a good guide for importers and exporters of the process. Customs carry out checks into returns or other documents to make sure that businesses pay the right amount of...
Recent reports in the Lloyds Loading List, suggest that more than a third (36%) of UK traders are not yet preparing for post Brexit customs procedures, even though most rely heavily on just-in-time delivery of their import and export products. The survey, of over 800...
Tens of thousands of UK businesses could be forced to pay VAT upfront post Brexit, on goods imported from Europe, in controversial new legislation being considered by MP’s on Monday. The chair of the Treasury select committee has urged MP’s to investigate...
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