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Does trade slow down over the summer period? It can certainly feel that way, especially with the recent change in government, leading to a respite from the daily gov.uk updates. However, we should not rest on our laurels. The new government will review current regulations, whether related to export licensing controls or the imminent changes for the movement of goods to Northern Ireland at the end of September. In some way or another, we should anticipate a degree of change. What changes or improvements would you like to see from the new government regarding international trade? Jonathan Reynolds, the new Business Secretary, is actively seeking input from traders. Reach out to us to share your views and help shape the future of UK international trade.
For all the latest news & updates, check out our Industry Insights page, and don't forget to follow us on LinkedIn!
Simplified National Transit Movements affected by NCTS4 transition to NCST5
HMRC have advised that there is an issue with the Simplified National Transit Movements caused by the cutover from NCTS4 to NCTS5.
HMRC issues further updates for users of the NCTS5 Transit System
Before the introduction of NCTS5, information about goods moving under Transit would be sent and received by the declarant by ‘IE’ messages In NCTS4 should a message not be received, the NCTS Helpdesk would regenerate and resend the message on request. This action by the NCTS Helpdesk is no longer possible on NCTS5
Arrived Export Location Re-Routing
All export declarations must now be made through the Customs Declarations Service (CDS). If you need to reroute goods from one Arrived Export location to another Arrived Export location, follow the following guidance.
All Change? What will the change of government mean for UK exporters?
Earlier this month, the United Kingdom elected a Labour government, led by Prime Minister, Sir Keir Starmer. MPs have been sworn in, and ministers have been appointed. So, what changes can exporters and importers expect from the new administration? The Labour manifesto provides some clues...
Fond Farewell to CHIEF: Customs Handling System for Import and Export Prepares for Shutdown
HMRC has written to UK businesses to confirm the final shutdown of the CHIEF (Customs Handling of Import and Export Freight) system, which has been in service since 1994.
Urgent Update on Livestock Export - The Animal Welfare (Livestock Exports) Act 2024
The Animal Welfare (Livestock Exports) Act 2024 prohibits the export of cattle, sheep, goats, pigs, and equines for slaughter, including fattening for subsequent slaughter, beginning in or transiting through Great Britain to EU member states and other third countries.
Understanding VAT Implications in Northern Ireland
Trading in Northern Ireland can be complex, whether you are a GB business moving goods into Northern Ireland or a Northern Irish business trading within the UK internal market or the EU. Understanding the varying VAT implications in different scenarios is crucial for your business's success, especially when an XI VAT number comes into play.
The Economic Interest Test (EIT)
The economic interest test (EIT) is a component of the UK’s trade remedies framework, which looks at the impacts of our import duties on the UK economy. For example, if a UK company produces goods and the same or similar goods are also imported, or one of the components needs to be imported, how will import duty affect the UK economy?
UK Joins Groundbreaking Global Digital Trade Agreement
London, July 26, 2024 – In a significant move poised to bolster the economy, the UK has officially joined a pioneering global digital trade agreement to enhance global digital commerce.
The UK Export Licensing System - Monday 5th of August 2024
This course combines the key elements of the UK Export Licensing System into a practical session. By reviewing the UK strategic export control lists and the legislation surrounding financial sanctions, delegates will gain a comprehensive foundation of knowledge to support future learning and understand internal requirements.
Focus On: Temporary Imports & Exports - Wednesday 7th of August 2024
Whether goods are hand-carried by staff or sent unaccompanied for demonstrations, exhibitions, or repairs, each temporary movement requires customs declarations for both export and import. This course covers the customs and commercial processes to manage temporary movements effectively and avoid unnecessary costs.
Import Essentials: Focus on Importing - Thursday 8th of August 2024
This core S&H training course is an excellent way to learn about importing. It is designed to provide participants with a practical understanding of essential topics, such as Customs procedures and the UK Trade Tariff, as well as implications for choosing the correct shipping term, paying duties and managing the logistics. The aim is to provide participants with the knowledge and skills to streamline import operations and work effectively with internal departments and freight forwarders.
Focus On: CDS - A Practical Guide - Tuesday 13th of August 2024
The Customs Declaration Service (CDS) is an advanced system designed to enhance the accuracy and efficiency of import and export entries. This new platform mandates that businesses provide additional and more detailed data for their transactions. The need for comprehensive information extends to all enterprises involved in international trade, ensuring that Customs processes are streamlined and compliant with current regulations.
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For public training, please contact: info@strongandherd.co.uk
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