The Latest Industry Insights and News Updates Between Business Sectors and UK Customs Duty
Tribunal Loss Opens Risk of Duty Demands on Preferential Origin
In a recent Tribunal case, Princes faced a challenge familiar to many businesses: claiming preferential duty rates without the required…
Hiring a Customs Duty Consultant: Key Considerations for Businesses
Choosing the right customs duty consultant is crucial for effective compliance and cost optimisation. This article from Barbourne Brook…
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) comes into effect from December 2024. Imports and exports…
Smart Customs Planning: Achieving Savings Through Strategic Planning
There are all sorts of tried-and-tested customs planning options applicable to different scenarios. But often, two different planning…
Navigating Trade Turbulence: Preparing for Potential U.S. Tariff Escalations
With the return of Trump to the U.S. presidency from January, UK businesses with interests in the U.S. market may soon face significant…
Unlocking Hidden Cash Flow: The Untapped Potential of Free Trade Agreement Claims
As a Finance Leader, you may already be aware of the importance of optimising operational efficiency and leveraging financial opportunities…
New HMRC Guidelines on Customs Responsibility: What Businesses Need to Know
HMRC has updated its guidance on business responsibilities with customs agents, clarifying who is liable for customs debts — a crucial…
Aligning Customs Strategy with Financial Goals: A Guide for CFOs
Are customs operations taking a backseat in your financial strategy? Overlooking this area could lead to unexpected customs duty costs,…
Nike’s €1.5 Billion Import Dispute: The Costly Risks of Underestimating Customs Regulations
Even the biggest names in the industry aren't immune to customs planning errors. Recent developments indicate that Nike faces scrutiny for…
HMRC’s ‘Modernised Authorisations’ Process Launches This Month
HMRC's ‘Modernised Authorisations’ (MA) portal aims to simplify, standardise, and digitalise the customs authorisations process by grouping…
The Hidden Truth About Customs Declarations: Accuracy and Responsibility. What Happens When It All Goes Wrong?
Many Finance Directors are surprised to learn that they hold ultimate responsibility for customs declarations, often unaware of their…
Bodysuits and Bollinger: Misclassification of Goods in Customs Declarations – Risks and Mitigation
In international trade, accurate classification of goods in customs declarations is crucial. A minor error, from a recent case, such as a…