DDP ex-VAT – a new Incoterms® rule?
Incoterms® rules are published by the ICC and, in recent times, have been updated and revised every 10 years. The current version is Incoterms® 2020
Incoterms® rules are published by the ICC and, in recent times, have been updated and revised every 10 years. The current version is Incoterms® 2020
At International Trade Matters, we have always had a very flexible approach to training because we know that every company is different.
A Certificate of Origin is an official document that states the origin of goods that are being traded internationally. It shows where the goods were manufactured, produced, or processed.
Delayed import declarations, Duties, Postponed VAT Accounting – Are you really prepared?
With many costs hitting importers and exporters it’s frequently difficult to understand charges from duties, VAT and fees
Your imports are your responsibility. Since the UK’s departure from the EU, billions of pounds worth of imports are now subject to new processes.
Exports are zero rated for VAT so there is generally no need to charge VAT on your export sales. However, when the goods arrive at the border in your overseas market, import VAT becomes due.
Postponed VAT, Delayed Declarations and Duties could be cause for concern in the second half of 2021 for UK importers
A small investment of time and money spent on reviewing and improving your documents can deliver a dramatic return on that investment if it helps products arrive on time. That has a direct impact on cashflow, customer satisfaction, internal administrative time and energy, and ultimately how you are viewed by your customers and your staff.
International Trade Specialist, Frances Fawcett explores the impact of December’s trade agreement on customs declarations, tariffs, VAT, Country of Origin and more…