UK Proof of Export Obligations for VAT

Proof of Export for VAT is a challenging area for many exporters. HMRC new guidance is a welcome clarification for UK exporters in particular on the quality of the evidence required for zero rated export. Why is the Proof of Export for VAT important? Proofs of Export is part of the export customs compliance requirements.Continue reading “UK Proof of Export Obligations 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.

What is the cost of non-compliance? EU Customs Penalties

IAre you importing into different EU countries? If you do your level of exposure to Customs risk varies greatly. In the EU, customs penalties do not form part of the Union legislation on customs. Although customs legislation is harmonised, penalties for non compliance are left to each Member State.

A Quick Guide to Customs Valuation

This Quick Guide to Customs Valuation introduced the rules and principles governing the value for customs purposes. Customs Valuation Overview Customs valuation is the process of determining the value of imported goods. This, for the purpose of assessing customs duties and taxes. The value of the goods is the basis for calculating the amount ofContinue reading “A Quick Guide to Customs Valuation”

How to develop Customs Compliance in 10 steps

Customs compliance is about knowing the law that is applicable to your export or import, understanding the provisions, meeting your obligations and keeping evidence that you have duly followed the rules. In the spirit of simplification, we have prepare a crib sheet of 10 steps to Customs Compliance that will lead you toward compliance. You can explore Customs compliance further in our article What is Customs Compliance?