The Latest Industry Insights and News Updates Between Business Sectors and UK Customs Duty
Important Announcement Regarding The Import Of Russian Iron And Steel Goods
Following an announcement by the Department for Business and Trade and the Department of International Trade this week, additional measures…
Tax Crackdown On International Businesses Brings Customs Reclaim Opportunity
As reported in The Times this week, HMRC is cracking down on international businesses diverting profits to lower-tax jurisdictions.
Effective Financial Leadership Part 1: Taking Strategic Control Of Customs Duty Management
Customs is high risk, high value aspect of strategic financial planning for businesses. Errors and missed opportunities for reducing and…
Uncompromising Drive: HMRC’s Steadfast Stand on Unrecovered Import VAT
HMRC continues to rigorously pursue the non-recovery of import VAT and this is causing many of our clients to be concerned about the…
Firm Faces £330k HMRC Demand For Authorised Use Error On £2k Repair Contract
A routine HMRC audit has resulted in a hefty £330,633.45 customs duty and import VAT demand for UK-based aircraft maintenance service…
Top Tips For Optimising Customs Clearance
In this edition, Hazel Picton, Managing Associate at law firm Womble Bond Dickinson (UK)...
Customs Duty: The Achilles Heel Of The Senior Accounting Officer (SAO)
Despite the critical nature of customs duty compliance, many SAOs inadvertently overlook...
HMRC Invites UK Importers To Propose New Items For Customs Duty Exemption
This week, HMRC has made an important announcement for businesses that import from overseas...
The Importance of Customs Due Diligence in M&A Transactions
The importance of Customs Due Diligence in M&A Transactions
Fear of Finding Out (FOFO): Why should FD’s be concerned about FOFO in the supply chain
Fear of Finding Out (FOFO): Why should FD’s be concerned about FOFO in the supply chain
Toll Manufacturers Pay the Price for Oversight of Post Brexit Inward Processing Need
Tribunal ruling warning as administrative errors in Inward Processing reporting can result in a complete loss of relief.