HMRC Strict Approach to Compliance Obligations for IPR

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.

HMRC Updates Commodity Codes

HMRC has updated certain Commodity Codes for imports into GB. You’ll find the list hereafter to check your internal records to maintain your compliance level. This does not apply to Northern Ireland. Customs Classification: Commodity Codes Classification has to be carried out by applying the General Interpretation Rules (GRI). Various online tools available (including HMRC)Continue reading “HMRC Updates Commodity Codes”

EU Trade Agreements Common Provisions

Free Trade Agreements (FTA) are the results of negotiations between two countries. They therefore reflect the trading choices of both party. As a consequences, FTA are usually different from each other. However, most EU agreements have a common provisions.

Knowing the common provision to EU agreements is very useful when analysing the impact of a trade agreement on your trade flow