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return goods

What is Returned Goods Relief and how can we use it for UK-EU trade?

Subject to specific conditions, Returned Goods Relief (RGR) removes or reduces the repayment of import duties for goods that are re-imported into the same customs territory that they have already been exported from. Currently, many GB businesses are experiencing EU customers being unwilling to pay extra import duty and goods are being returned to GB businesses. RGR, initially, seemed a […]
Customs Officer checking goods

Preference and Union Status under the EU-UK Trade and Cooperation Agreement

In today’s post-Brexit landscape, many UK businesses are beginning to learn about the implications of the EU-UK Free Trade and Cooperation Agreement, particularly with regards to origin. There is a lot of confusion about how to qualify for EU preference under origin rules in relation to the union status of goods. Many businesses do not […]
customs training grants

New £20m Brexit Support Fund for SMEs

The government has made £20 million available through the SME Brexit Support Fund. Provided you meet certain eligibility criteria, HMRC may provide funding towards the costs of training and/or professional advice, to help you with changes to trade rules with the EU. What grants are available through the grant scheme?Traders can apply for up to […]

Post-Brexit EU import controls to be delayed for six months

The introduction of post-Brexit border controls on some imports from the European Union into Great Britain has been delayed because of coronavirus disruption. The Government had agreed to phase in customs requirements for GB imports from the EU over a six-month period in the first half of 2021, but has now extended the timetable by […]

A summary of the first week in a new chapter of UK-EU trade

The first working week following the end of the transition period on 31 December 2020 had passed relatively smoothly for the UK and EU with significantly lower levels of traffic between Calais and Dover following the New Year break. This is despite long lorry queues leading to the port in the lead up to the […]

Understanding ‘Proof of Export’

I am sure you have heard the phrase ‘Proof of Export’ frequently in your studies and when performing your job, we hope you hear it on a daily basis. But consider this, do you know what it really means and the implications of not having a full proof of export file? On a scale of […]

Exchange Control Regulations and Import Controls

Today we will look at the significance of exchange control regulations and import controls. These are already in place in a number of countries worldwide, especially developing nations, the impacts however from COVID 19 may result in these becoming more prevalent even in the more economically developed OECD countries. Exchange control regulations can be defined […]

UK Global Import Tariff – what you need to know

On the 19th May the UK Government announced their UK Global Import Tariff which will apply after the end of the Transition Period to imports from WTO member countries, these may also be referred to as Most Favoured Nation (MFN) tariffs. The announcement on tariffs followed a consultation period with businesses and trade organisations in […]
acfta

The African Continental Free Trade Area (AfCFTA)

As part of your qualifications you will have already learnt or will learn about the importance of the key rules of world trade, covering key principles such as Origin of Goods, Valuation, HS Codes and Safety and Security. As we know these principles practically impact how countries and their businesses operate. In the world today […]
non-tariff barriers

The Impact of Non-Tariff Barriers on Trade

A lot quite has correctly been made of new trade agreements and new trading blocs around the world which have helped to increase free trade and reduce trade barriers in the form of tariffs and quotas. In some cases, however it is the non-tariff barriers and unfair competition that make it harder for an exporter […]
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