When importing goods into the UK, traders are required to account for any applicable customs duty and import VAT (collectively “Duties”) on import unless they can utilise a customs special procedure to delay or reduce payment of these amounts. Customs special procedures include the Inward Processing (“IP”) regime which allows traders to suspend the Duties while the imported goods are subject to repair or further manufacturing. Where a trader utilises IP, they are required to…
Faced with a changing economic and regulatory landscape, multinational companies are re-evaluating their operating models in the Middle East to remain competitive and enhance…
Article 73 of the Union Customs Code (“UCC”) provides an easement for determining the customs value of goods, where elements of the transaction value…
On 21 March 2024, the French Senate (French Parliament’s higher chamber) rejected the bill of the French government proposing to approve the EU-Canada Comprehensive…
Our popular Annual Compliance Conference, which attracts over 4,000 in-house senior legal and compliance professionals every year from across the world, will be taking…
During the 13th Ministerial Conference, held in Abu Dhabi, the World Trade Organization (“WTO”) has extended a moratorium on digital trade tariffs for a…
On 1 March 2024, the European Commission introduced the Proof of Union Status (“PoUS”) system. What is the PoUS system? The PoUS system establishes…
On 13 March 2024, the European Council and European Parliament agreed the final text of the proposed EU Forced Labour Regulation (“Regulation”). This follows…
The Customs (Preferential Trade Arrangements: Error in Evidence of Origin) Regulations 2024 (the “Regulations”), which introduce into UK law the obligation for exporters to…