That was the News: May 2023

BY:

Niamh O'Connor
2 June 2023

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May has seen the successful conclusion of separate trade agreements with Australia and New Zealand, marking the first independent negotiations since the UK's departure from the European Union.

These agreements have the potential to provide various trade benefits for UK businesses. By facilitating trade in both directions, they create opportunities for UK businesses to expand their market reach. However, understanding the specifics within each agreement is crucial for optimizing their potential benefits for your business.


S&H News: 🔊 We are thrilled to announce our participation at the highly anticipated Multimodal Logistics Event on June 13 - 15. Our experts can deliver tailor-made solutions if you're seeking guidance on customs compliance, international trade documentation, or supply chain efficiency. Take advantage of this opportunity to engage with our team at this year's Multimodal event. Visit our stand (no. 4080) to discover how we can help streamline your logistics operations, mitigate risks and enhance global trade performance.


We look forward to welcoming you and providing the guidance you need to thrive in today's complex international trade landscape.


For all the latest news & updates, check out our 
Industry Insights page and don't forget to follow us on LinkedIn

The UK - Australia and New Zealand Trade Agreements
At midnight on May 31st 2023, the two new UK trade agreements will come into force. These are the Free Trade Agreements (FTA) with Australia and New Zealand.

Circumvention of Export Controls and why we need to be aware of Red Flags
In the world of trade compliance, the exporter is responsible for classifying their goods, technology and software against the strategic controls to ascertain if a licence is required. Military and Dual Use items require a licence, irrelevant of the destination outside the UK. 

Made in the UK and sold to the EU under the TCA, is it really that simple?
The Guardian Newspaper recently published an article regarding the car manufacturing industry and its issues with the UK-EU Trade and Cooperation Agreement entitled "Why are leading carmakers urging the UK to overhaul Brexit deal?" So, the TCA has made it into the mainstream media, and yet there has been no change within the TCA, but the reality of its rules and regulations and the parameters set within it are now only starting to sink in.

BEXA – British Exporters Association Spring Reception 2023
On May 11th, 2023, we had the pleasure of attending the BExA Spring Reception at the Houses of Parliament in London. 

Exporters Who Only Use GVMS for Declarations
All export declarations are due to move from the Customs Handling of Import and Export Freight (CHIEF) system to the Customs Declaration Service (CDS) by November 30th, 2023. 

VAT Notice 703 - the 2023 changes
An overhaul of VAT Notice 703 VAT on Goods Exported from the UK was overdue, primarily because the UK departed from the VAT territory of the EU on January 1st 2021. VAT Notice 702 Imports had already been re-issued and is now not numbered.

New EU Legislation on General Product Safety
New legislation is imminent that will affect businesses exporting products to EU countries. 


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