Latest Posts
Search for:
Category

United Kingdom

Category

UK Government’s Customs Package in Spring Budget 2023: new (or improved) Customs processes

By , and 3 Mins Read

Yesterday (15 March 2023), the Government announced its Spring Budget 2023, which included some long awaited changes to the current Customs regime (“Customs Package”). Broadly, the announcements capture improvements following the Government’s 2022 Call for Evidence on an independent Customs regime. Many of the changes have been anticipated by businesses (such as the Advance Valuation Rulings mechanism which we have blogged about separately today as well). A summary of these changes is set out below:…

Big Changes afoot for the UK Trade Remedies Regime

By , , and 3 Mins Read

There are already big reforms planned for the UK Trade Remedies Authority (ā€œTRAā€) – less than two years after its establishment – and for the overall operation of the UK trade remedies regime. On March 9, the UK Government announced changes to its trade remedies regime to transition to a more complex investigatory regime. Changes include: The framework of proposed changes will also require the TRA to notify Ministers before initiating new investigations. Potential Impact…

UK Tax Tribunal confirms the strict compliance obligations of inward processing relief (Thyssenkrupp Materials (UK) Ltd v HMRC)

By and 2 Mins Read

A failure to provide accurate and complete information to HMRC in relation to a quantity of goods on which Inward Processing Relief (IPR) has been claimed, gives rise to a customs debt on all the goods covered by the relevant bill of discharge report. This was decided by the UK First Tier Tribunal (FTT) in the case Thyssenkrupp Materials (UK) Ltd v HMRC on 30 November 2022. In Thyssenkrupp Materials (UK) Ltd v HMRC, Thyssenkrupp…