Barbourne Brook has advised import businesses to see the recent £1.4m HMRC demand issued to Fatima Jewellers Limited as a warning and to take action to review and verify the…

All import businesses have the right to view their customs data which is stored by the HMRC, containing full details of declarations made in the company name. Despite the many…

The financial management of customs duty is a complex and often unwieldy task where opportunities to increase efficiency often go by un-noticed. However, there are three strategic…

Recent figures issued by HMRC should be seen as a warning flag to businesses currently using customs warehousing to gain relief on customs revenue. A staggering 80% increase in…

This article considers the risks associated with customs compliance from a finance perspective. Essentially, customs is a core part of tax governance and falls within the legal…

New information released by HMRC has shown that penalties from customs audits have increased by 34% over the last 12 months. This more aggressive stance by HMRC doesn’t come as a…

This is the second article in a series that takes a strategic look at customs planning. Our previous article (hyperlinked) focused on materiality of customs costs and risk.

Following an announcement by the Department for Business and Trade and the Department of International Trade this week, additional measures will come into force...

As reported in The Times this week, HMRC is cracking down on international businesses diverting profits to lower-tax jurisdictions.

Customs is high risk, high value aspect of strategic financial planning for businesses. Errors and missed opportunities for reducing and recovering duty on imports costs…