New EU Customs Regulation Ends VAT Exemption for under €22 Parcels

Following an amendment to Regulation (EU) 2015/2446 on EU customs rules, from 1 January 2021 it will be possible to declare goods up to €150 with a simplified customs declaration. The existing VAT exemption for goods up to 22 € will thus be abolished – the popular shipments from China with the label “Gift, 10$”…

Bracing for Brexit: “Diverse and secure supply chain” is vital for mitigating no-deal difficulties, says Ulrick & Short

By Benjamin Ferrer Aug 6 2019 / foodingredientsfirst. UK-based ingredients manufacturer Ulrick & Short has underscored the need for a diversified supply chain in contingency planning for a potential “no-deal” Brexit. The company is currently investing in the construction of a Netherlands-based facility, which will act as a trading and technical base for EU customers…

Brexit for business: what you can and cannot control

By Michelle Perry July 31 / RACOUTEUR The ongoing uncertainties surrounding Britain’s impending exit from the European Union have raised important questions for businesses trying to future-proof operations and supply chains, but some things are simply out of a decision-maker’s control… Can Control For more than three years, British business has faced creeping uncertainty as…

Kerry Logistics forms Joint Venture with Spain’s National Postal Service Correos to Capitalise on China’s E-commerce Export Growth

Kerry Logistics Network Limited (‘Kerry Logistics’; HKEx: 0636) is set to capitalise on the growing potential of China’s e-commerce exports by joining hands with Spain’s national postal service Sociedad Estatal de Correos y Telegrafos, S.A. (‘Correos’) to establish a joint venture (‘JV’) to provide end-to-end cross-border e-commerce solutions from China to worldwide destinations, in which…

WiseTech Global adds Datafreight to its portfolio of acquisitions

OCT 17 2018 / Air Cargo News WiseTech Global has continued its worldwide buying spree with the acquisition of LSI Sigma Software (DataFreight), a leading provider of customs, freight forwarding and warehouse management software solutions in the UK. Headquartered in Southampton, DataFreight provides integrated logistics solutions, including HMRC customs software, specialist consultancy for UK customs…