EU Carbon Tax & Customs Obligations

The EU Carbon Border Adjustment Mechanism (CBAM) nicknamed Carbon Tax, is a set of new regulatory obligations with a new tax on certain goods at import in the EU. In this article, we look at the intricacies of the EU Carbon Border Adjustment Mechanism (CBAM) before providing insights and tips to importers and exporters operatingContinue reading “EU Carbon Tax & Customs Obligations”

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”

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”