The Latest Customs Insights and News Updates
Shoe Retailer Foots ‘Excessive’ HMRC Penalty After Admin Errors
In this article, customs consultant Monica Ryder, Barbourne Brook, highlights the lessons to be learned from a recent court appeal by…
Jeweller Faces £1.4 Million HMRC Duty And Tax Demand As Appeal Fails
Barbourne Brook has advised import businesses to see the recent £1.4m HMRC demand issued to Fatima Jewellers Limited as a warning and to…
99% Of Import Businesses Overlook Right To Visibility Of HMRC Customs Data
All import businesses have the right to view their customs data which is stored by the HMRC, containing full details of declarations made…
Effective Financial Leadership In Customs Part 4: Reducing Costs & Injecting Cash Through Reclaims
The financial management of customs duty is a complex and often unwieldy task where opportunities to increase efficiency often go by…
80% Increase In HMRC Revocation Of Customs Warehouses
Recent figures issued by HMRC should be seen as a warning flag to businesses currently using customs warehousing to gain relief on customs…
Effective Financial Leadership Part 3: Understanding the Scale of Customs Compliance Risk
This article considers the risks associated with customs compliance from a finance perspective. Essentially, customs is a core part of tax…
HMRC Customs Penalties Increase By 34%
New information released by HMRC has shown that penalties from customs audits have increased by 34% over the last 12 months. This more…
Effective Financial Leadership Part 2: Taking Strategic Control Of Customs Duty Management
This is the second article in a series that takes a strategic look at customs planning. Our previous article (hyperlinked) focused on…
Important Announcement Regarding The Import Of Russian Iron And Steel Goods
Following an announcement by the Department for Business and Trade and the Department of International Trade this week, additional measures…
Tax Crackdown On International Businesses Brings Customs Reclaim Opportunity
As reported in The Times this week, HMRC is cracking down on international businesses diverting profits to lower-tax jurisdictions.
Effective Financial Leadership Part 1: Taking Strategic Control Of Customs Duty Management
Customs is high risk, high value aspect of strategic financial planning for businesses. Errors and missed opportunities for reducing and…
Uncompromising Drive: HMRC’s Steadfast Stand on Unrecovered Import VAT
HMRC continues to rigorously pursue the non-recovery of import VAT and this is causing many of our clients to be concerned about the…