There could be upwards of 100 million customs declarations not made post-implementation, according to head of international trade and customs at Fujitsu, Frank Dunsmuir. Fujitsu hosts the CHIEF customs declaration system. He told The Loadstar that “easily around £30bn” of VAT had been lost due to HMRC’s six-month (175-day) delay on declarations for goods imported between 1…
The British government faces paying a hefty charge to the EU after the European court of justice ruled it had been negligent in allowing criminal gangs to flood European markets with cheap Chinese-made clothes and shoes. Publishing its final ruling on Tuesday, the court concluded that the UK as a member state had “failed to…
20 September 2021 – China is the joint number one territory that Britain imports from, accounting for 12% of imports. Here is what you need to do if you want to import from China For the UK, the desire to import goods from China is vast. China was the joint-first biggest single country that the…
23 June 2021 – The EU is introducing new rules on VAT applied to cross-border e-commerce sales on July 1, 2021. Marius Penninks of FedEx explains the new system and discusses what preparedness looks like for express logistics and transportation companies and their customers. On July 1, 2021, as one of the priorities under the Digital…
31 March 2021 – With regulations governing UK/EU trade having changed significantly on 1 January, James Lawrence investigates how the new trade laws are affecting the shipping of fine wine. Despite the upheaval caused by the pandemic, transporting wine across the English Channel was a (relatively) straightforward process in 2020. It required a minimum level of regulatory…
22 March 2021 – Since the UK formally left the EU on 31 December 2020, the UK and the EU have been operating under a Trade and Cooperation agreement. According to this agreement, trade in goods between the UK and the EU shall not be subject to any tariffs or quotas on all goods that…
14 March 2021 – Before the implementation of Brexit, the Swedes were able to order goods from British companies without paying customs duties. This is no longer the case. At the turn of the year, the United Kingdom officially left the European Union, which means that the country is outside the European Union’s customs union.…
27 February 2021 – Brexit correspondent Lisa O’Carroll distils a few of the post-exit bumps facing individual British firms that she has investigated for the Guardian Hard cheese Cheesemaker Simon Spurrell reports losing a fifth of his orders overnight when Britain left the single market on 1st January. His Cheshire Cheese Company had a successful line…
26 January 2021 – Since 1 January 2021, businesses in the UK have had to consider imports and exports in a new way. Customs procedures apply to England, Wales and Scotland when it comes to trade with European Union (EU) countries, and when moving goods to Northern Ireland too. And the way VAT is accounted…
29 December 2020 – Definitions For the purposes of this document, the following definitions will apply. Term Definition AEOC Authorised Economic Operator customs simplification CDS Customs Declaration Service CEDEER The Customs (Export Duty) (EU Exit) Regulations 2018 CIDEER The Customs (Import Duty) (EU Exit) Regulations 2018 EORI Economic Operators Registration and Identification EU The 27…
