From Relief to Regret: Customs Procedure Misunderstanding and the £150K Consequence

Customs duty reliefs such as OPR come with strings attached. From authorisation, reporting, recording, measuring, among other things, traders have to meet a whole range of obligations to benefit from a duty relief. When they fail to meet their obligations, duty is due and collected, possible over many years.

UK Proof of Export for VAT

Latest update: 21 February 2024 Proof of Export for VAT is a challenging area for many exporters. It is part of the export customs compliance requirements. It is critical because a proof of export is one of a set of conditions for zero-rating export VAT. Without a correct proof of export, exporters must therefore chargeContinue reading “UK Proof of Export for VAT”

Meet your IPR Compliance Obligations to the letter says HMRC

A tribunal decision confirmed the strict compliance obligation for the IPR customs procedure. IPR is an extremely useful procedure as long as it is supported by strong internal compliance. Otherwise, it is a risky strategy as this case shows.