Returned Goods Relief: Who, What, Why, When & How
Did you know that exporters and importers can claim a relief which allows them to pay less Customs Duty and VAT when they re-import to the UK? This is thanks to a mechanism created by the UK government. Termed Returned Goods Relief, the mechanism minimises the amount...
How To Prepare For The New Customs Control Rules
The HMRC announced last week that it would be contacting over 160,000 businesses to inform them of the steps they need to take before the beginning of 2022 to ensure that they can continue to trade with the EU. Those of you who kept up with the debacle following...
The Flat Rate Scheme (FRS) & Online Marketplaces
Whilst the changes to the way VAT is collected on sales for sellers on online marketplaces has been met with mostly positive reviews, one area of contention has been how the Flat Rate Scheme fits in to this. We have received many questions such as: As an overseas...
Brexit 6 Month Review: A Difficult Start
It is hard to believe we are already in June. Not only does this mean we are approaching the halfway point of 2021, it also means we can review how Brexit has gone in its first six months. Imports & Lack Of Trade Perhaps the biggest problem that has arose from...
