Record Keeping

Hello again Our mutual friends at HM Revenue and Customs have issued guidelines on record keeping. The length of time they will expect you to keep records varies, depending on the type of tax involved.  Since Customs declarations involve more than one type of tax, this can get confusing and difficult to manage.  We therefore recommend you do as we …

Brexit Update

Our Prime Minister, Theresa May, has met again this week with the EU in an endeavour to break the deadlock on finding a deal. The EU has once again indicated that they are not prepared to move on the deal which has previously been ‘agreed’. Our Prime Minister is still however attempting to find a way to change the details …

No Deal

Paying customs taxes on your imports from the EU in a no-deal scenario

Customs Duty Word is that in a no-deal Brexit, WTO customs duty rates will apply to imports from the EU.  Disaster?  Not entirely.  Many products are what are known as ‘full rate free’ for Customs duty purposes.  This means that although they are technically liable to Customs duty, the full rate of duty is zero.  There are in point of …

Brexit magnify glass currency

Direct Representation

Direct Repre-what??  In a previous blog titled ‘Customs Import Declarations’ I wrote about how you might raise your own Customs declarations.  However, it may be better to advise you not to do this.  Instead it might be preferable to consider using the services of a Customs clearance specialist.  If you do chose to appoint a specialist this will serve as …

Trade agreement with the Faroe Islands announced

The UK and Faroe Islands have signed an agreement for the unaltered continuance of trade between the two countries post-Brexit Hot on the heels of the agreement with Chile, it appears we can look forward to a glass of Chilean Sauvignon Blanc with a nice bit of fish for our suppers. David

EORI – Another Reminder!

It’s February already, time is short! Sorry to bang on about this.  But it is vital that you act to get yourself EORI registered if you want to trade with EU partners’ post-Brexit. Actually, no real apology from me, if you don’t do this and you will shoot yourself in the foot! A reminder, you will need an EORI number …

It’s Getting Close Now

Hello, it’s Stephen here again. Who would have thought that at this stage with only 54 days left until the 29th March we could still be looking at the possibility of leaving the EU with a ‘No Deal’ or at least something very similar. Although the government has stated that this will not happen, I am somewhat sceptical considering what …

Trade Agreement with Chile Announced

Thursday 31st January 2019 and hello from David. Hello, it’s David again! The UK and Chile have signed an agreement for preferential trade and services to continue between the two countries post-Brexit unaltered. This follows on the back of a similar agreement at the end of 2018 with Switzerland. This announcement interestingly refers to a number of other agreements to …

Brexit – Another Week in Review…

Well here we are again and you may be forgiven for thinking nothing has changed since I last expressed my opinion.  If that is your first thought let me see if I can change it for you as I think we have built our knowledge and understanding substantially over the last week; The first thing that is blatantly apparent is …

Customs Import Declarations

David here, you may be getting fed up with my technical posts.  But I am afraid there’s a lot that you need to know.  In my defence – I didn’t make the rules! Below is the UK government advice on making Import Customs Declarations.  It confidently tells you that you may make your own declarations, which is true.  Here’s a …