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Reviewing the level of bank guarantees for customs special procedures

Guarantees for Customs Special Procedures Following the introduction of the Union Customs Code in 2016, there was a requirement for traders to provide guarantees to support potential import duties and VAT liabilities to customs. Potential liabilities can arise from customs special procedures such as Customs Warehousing and Inward Processing. Liabilities are also due for goods […]

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Brexit may seem a long time ago…

Quite understandably COVID-19 has taken the attention away from Brexit and for many businesses the current situation is about ensuring sources of supply, production and getting paid. In future blogs we shall expand on these important points in relation to the impact on specific business sectors. Please share your experiences with us and what you

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Duty Matters: Interest on Delayed Duty Payments- Potential Knock on Effect for Financial Penalties?

While companies do their best to ensure that they declare their goods correctly on import, HMRC does not have the time to validate clearances and rather relies on post import verification. Where errors or omissions are subsequently found, are companies required to pay interest on underpaid customs duty? The following extract from the EU’s Advocate

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The Importance of Internal Business Communications in Customs and Trade

In fast moving businesses it is not always easy to communicate internally details of all import and export transactions. An export sale may be negotiated which has ‘hidden’ consequences for the business in meeting trade compliance requirements. Examples of where internal communication is vital can be seen in the following: A UK exporter negotiates an

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Are you aware of the Customs Declaration System (CDS), and could this affect your business?

HMRC recently announced a proposed plan for completing the delivery of the new Customs Declaration System (CDS). CDS will replace the current CHIEF system, the Customs Handling of import and Export Freight the movement of goods by land, air and sea for export and import trade. For experienced traders what we have taken for granted

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UK Customs Academy Dean meets with WCO Secretary General

During his attendance at the March 2020 WCO Capacity Building Committee (CBC) meeting, Prof. David Widdowson met with the WCO Secretary General, Dr. Kunio Mikuriya to discuss current activities in Customs research and education. These included developments and future plans for the WCO PICARD programme and associated initiatives being progressed by the UK Customs Academy,

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Michael Gove tells industry to prepare for Strict Border Policy

Cabinet Minister Michael Gove has told the logistics industry to prepare for stricter border controls from January 1 2021 when the post-Brexit transition period ends and the UK leaves the EU customs union and single market. Gove admitted that a new ‘smart’ border to cut post-Brexit trade friction with the EU will not be ready

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customs academy courses approval

UK Customs Academy courses going down well with students

The UK Customs Academy’s comprehensive range of training courses for Customs professionals in the UK are going down extremely well with students, according to an ongoing feedback survey. When asked whether they agreed with the statement, “The course objectives were met”, 73% strongly agreed and the remaining 27% agreed. In response to the statement, “Following

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