News
As we bid farewell to May, we look forward to greeting many of you in person this June at Multimodal 2025 at the NEC Birmingham. We're proud to exhibit again at this leading event for the logistics, supply chain, and freight sectors. We look forward to reconnecting with our valued clients and meeting new ones!
HMRC have confirmed that the GVMS service will be updated on 3 June 2025 to allow for reference to the Transit Manual Fallback procedures to be used during any NCTS5 system downtime and Business Continuity procedures.
It’s a tale as old as Free Trade Agreements - you’re importing goods under preference, your supplier gives you an invoice statement, everyone’s happy – until HMRC comes knocking. Recently, an importer found itself facing a duty bill, despite having claimed preference. Why? Because the preference statement wasn’t exactly correct. Not wildly off, just... not replicated word for word in line with the FTA, which was mainly the UK-EU Trade Cooperation Agreement (TCA).
There is a hint of a warning that UK businesses should think about possible customs compliance audits sooner rather than later, as the government strongly suggests that it’s time to ramp up audits to collect outstanding debt.
HMRC has advised that it is now possible to reclaim a security deposit or guarantee paid on import where evidence of the goods' origin was not available at the time the goods were imported.
This is not an exhaustive list of Customs Technical Handbooks, and HMRC says that it is subject to change. Other topics are also being considered, but they are still in the scoping phase, and other handbooks may be developed in the future as required.
Overseas customers often require an export supplier to deliver under the DDP (Delivered Duty Paid) Incoterms® rule, arguably the most difficult term to use for an export delivery, as all import formalities and charges are the responsibility of the delivering party.
Before the UK left the EU, the VAT payable on goods moving between the UK and EU member states was managed through comprehensive EU VAT Directive (Council Directive 2006/112/EC) measures.
Announced at the Leaders’ Summit in London on 19 May 2025, the EU and the United Kingdom reached an agreement to promote prosperity on both sides. Is this a much-needed reset following the initial EU Exit agreement?
