TNETS is often asked about the best approach for businesses to take in maintaining trade compliance. TNETS Director, Neil Johnson, was recently called upon to speak on the same subject at a trade management gathering in Singapore. He took the opportunity to share TNETS’ suggestions as to how best practice in trade compliance is best…
1 September 2021 – More than 2,000 hauliers were fined for not having the correct export documentation in the four months following the end of the transition period. The UK completed its departure from the EU’s single market and customs union on New Year’s Eve, meaning exporters had to comply with new rules to continue…
05 August 2021 – A new ‘customs procedure code’ will facilitate the faster movement of goods through smaller ports, an international trade and customs expert has said. Customs procedure codes (CPCs) are entered onto customs declarations to identify the customs and/or excise regimes which goods are being entered into and removed from (where this applies).…
13 July 2021 – The government is encouraging UK businesses to prepare for rule changes for trade with the EU which will come into effect across the next six months. HMRC has today (12 July) written to more than 160,000 VAT-registered businesses explaining the measures firms must take to continue trading with the counterparts on the continent.…
02 July 2021 – Time is running out for UK importers of European goods who deferred their customs declarations as part of a six-month moratorium to soften the impact of Brexit. But many importers are woefully unprepared to meet the rolling deadline for lodging supplementary declarations for goods imported from 1 January. The situation has…
28 June 2021 – The EU-UK Trade and Cooperation Agreement On 24 December 2020, the EU and the UK reached an agreement on the terms of their relationship following the UK’s withdrawal from the EU. The EU-UK Trade and Cooperation Agreement (TCA) formally entered into force on 1 May 2021 and provides for zero tariffs and zero…
17 June 2021 – Background Since 1 January 2021 a range of new steps must be completed in order to move goods under the transit procedure via Great Britain. Depending on the model used by operators to manage the transit (e.g. in-house or via a customs agent), there is flexibility as to who completes a…
26 April 2021 – Shipping wine to the UK is now a “bloody nightmare” and it’s only likely to get worse. Is there a more disingenuous statement than “get Brexit done”? Almost five years have passed since the United Kingdom voted to leave the EU, but the hard work is just beginning. I hope and…
13 April 2021 – RISING costs for exports, new paperwork and delays to shipments are just some of the problems Brexit has caused for businesses across the Portsmouth area. However, Brexit has not been without its benefits, as many firms are also reporting strong sales and stronger relationships with countries outside the EU. Now, as…
12 April 2021 – UK supply chains must use the delay of post-Brexit customs changes to implement new systems, or face going to the wall Management consultant Neil McEvoy told The Loadstar the 40% “drop off a cliff” in UK exports to the EU in January proved that many businesses “just weren’t properly prepared” for the UK departure…
