In a move that could significantly reshape transatlantic commerce, President Donald Trump signed Executive Order 14309 on June 16, 2025, enacting key provisions of the UK-US Economic Prosperity Deal. This agreement, unveiled at the G7 summit in Canada, aims to ease trade tensions and foster deeper economic cooperation between the United Kingdom and the United States. The order was published that same day in the Federal Register and its provisions went into effect on June…
The UK published its Customs Valuation Handbook (“Handbook”) on 25 June 2025, offering a comprehensive update on its guidance for how the customs value should be determined for goods imported into the UK. While not legally binding, it clarifies HM Revenue & Customs’ (“HMRC”) interpretation of the law, bringing it more in line with the type of customs valuation guidance published by the European Commission.This update follows earlier consultations and forms part of HMRC’s broader effort…
Introduction On 15 April 2025, the Tax Chamber of the First-tier Tribunal issued its judgment inRoseline Logistics Limited v HMRC [2025] UKFTT 0042 (TC), holding that a customs service-provider that had wrongfully used post VAT accounting (“PVA”) on various declarations made on behalf of an importer was jointly and severally liable for the import VAT due to HMRC. Facts The appellant, Roseline Logistics Limited (“Roseline”), provided customs agency services. In a 4-month period in 2022,…