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April certainly saw HMRC spring into action with the updates everyone in the UK received regarding the new emergency alert system, but what emergency alerts do you set within your business regarding international trade? We know HMRC are honing in on compliance at audit, and being prepared is the best solution to handling an audit when the time inevitably comes. It may not require such a heightened level of alerts, but having a robust compliance protocol will stand you in good stead with HMRC.
S&H News:
A warm welcome to Alison Lilley - Shipping & Customs Support. We also want to welcome back Gail Leeson - Export Control and Customs Advisor. Gail is back to assist us with all things international trade. We are really happy to have them both onboard and hope you'll join us in wishing them all the best. We know they will accomplish great things at S&H.
We also hope you'll join us in congratulating Steve Berry, who has recently become a Partner here at S&H.
For all the latest news & updates, check out our Industry Insights page and don't forget to follow us on LinkedIn!
How to Classify Goods
Classifying goods under the customs tariff is an essential activity, and many companies either aren’t aware of the importance or think it’s a non-essential random selection exercise.
Export Controls and Customs Compliance
Customs Compliance is the responsibility of the holder of the EORI at Export. We may utilise the services of a forwarder or similar third party to declare our goods to HMRC.
Tariff Classification of Aerospace Components
Tariff Classification can be a complex area at the best of times. However, after listening to many clients, we understand that products within the Aerospace industry can be more complicated than most. Numerous horror stories exist regarding levels of poor Tariff Classification, and even more disturbing is what can come at audit when these mistakes are found.
Tell HMRC if you still need your EORI number starting XI
HMRC are undertaking a review of holders with an XI EORI number.
Further Sanctions Against Russia: Notice to Exporters 2023/07, April 2023
The Export Control Joint Unit released a tranche of new trade sanctions on Russia, which came into force on 21st April 2023. These sanctions further extend the expanding list of measures against Russia continually introduced from 2014.
HMRC’s Advance Valuation Ruling Service is Live
Traders can now get legal certainty on their valuation method for imported goods for a period of three years.
Training - View our Upcoming Courses Here
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For In-house training or Learning Pathways tailored to your business, please contact: enquiries@strongandherd.co.uk
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