The Latest Customs Insights and News Updates
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…
Firm Faces £330k HMRC Demand For Authorised Use Error On £2k Repair Contract
A routine HMRC audit has resulted in a hefty £330,633.45 customs duty and import VAT demand for UK-based aircraft maintenance service…
Top Tips For Optimising Customs Clearance
In this edition, Hazel Picton, Managing Associate at law firm Womble Bond Dickinson (UK)...
Customs Duty: The Achilles Heel Of The Senior Accounting Officer (SAO)
Despite the critical nature of customs duty compliance, many SAOs inadvertently overlook...
HMRC Invites UK Importers To Propose New Items For Customs Duty Exemption
This week, HMRC has made an important announcement for businesses that import from overseas...
