Article 73 of the Union Customs Code (“UCC”) provides an easement for determining the customs value of goods, where elements of the transaction value are not quantifiable at the moment of importation. The simplification has been proven particularly useful for declaring additions to value such as assists (e.g. certain R&D related costs), royalties and license fees. Subject to an authorization from the competent customs authorities, the simplification allows for the value of these elements to…
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…
Last week, HM Revenue & Customs (HMRC) and HM Treasury launched a public consultation on the introduction of a UK carbon border adjustment mechanism…
On 13 March 2024, the European Parliament adopted its first reading position on the proposal from the European Commission to repeal and significantly reform…