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.
One of the lesser-known consequences of Brexit is that the UK is now responsible for dealing with dumped and unfairly subsidised imports by undertaking trade remedies investigations
International Trade Compliance Specialist, Mike Court explains some of the important considerations behind export licensing controls.
Across the globe, customs authorities perform key functions for their individual countries such as revenue collection, preventing illegal exports and imports, processing cargo documentation and collecting trade statistics.
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…
Intrastat returns are a mandatory task for companies who move goods from UK to the EU (subject to value thresholds). It enables the UK authorities and the EU to track trade between countries for statistical purposes.
British businesses can now be confident that their brands and innovations will be protected. The deal has gone beyond the EU on provisions that tackle online infringement of IP rights, such as film and music piracy.
Incoterms® are an internationally accepted set of rules that apply to the supply and transportation of physical goods. The time to find out is not in January when your goods are stuck in customs! The time to find out is now.
Whatever your strategy now is the time to build on our individual and collective sector strengths rather than focusing on our weaknesses. It is time for us to react, adapt and build.
