HMRC Reveals Absurd Reasons for Non-Payment of the National Minimum Wage While the vast majority of firms pay at least the National Minimum Wage, HM Revenue and Customs (HMRC) has published a list of the most ridiculous excuses for not paying the legal minimum. HMRC assisted over 155,000 workers across the UK last year (2020 [...]
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UK food and drink exports to non-EU nations increased 13% in the first half of 2021, accounting for 46.6 percent (£4.3 billion) of total UK food and drink exports, owing to a recovery in China, Singapore, Australia, Japan, and the Gulf area. This growth suggests that non-EU exports have nearly recovered to their pre-COVID levels. [...]
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Introduction The Returned Goods Relief (RGR) programme enables a physical item that was previously imported into a territory, to be reintroduced into that territory without the need to repay tax (because this was accounted for at the time of its initial import). Aircraft are ideal examples of 'goods' that often move between jurisdictions and tax [...]
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UK-New Zealand trade deal will be a boost for British consumers and exporters. A trade deal with New Zealand might benefit British consumers and exporters by eliminating tariffs of up to 10% on a range of high-quality products. A new pact would eliminate import taxes on a wide range of UK goods entering the New [...]
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Introduction The customs procedure codes (CPCs) identify the customs and/or excise regimes which goods are being entered into and removed from (where this applies). The CPC is completed at export as well as import. CPC Format The CPC is based on a 2 digit community code which identifies a customs procedure, eg removal from warehouse, [...]
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Customs Declaration Service (CDS) to become UK’s single customs platform HM Revenue and Customs (HMRC) stated that the Customs Declaration Service (CDS), a world-class technology-based system, will take over as the UK's single customs platform on 31 March 2023. HMRC will phase out its Customs Handling of Import and Export Freight (CHIEF) system. All firms [...]
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The government announced a delay in the obligation for manufacturers to use the UK Conformity Assessment (UKCA) mark on items put on the UK market. Businesses can now use the mark – which will eventually replace the EU's CE mark – but are not required to do so until 1 January 2023. As with the [...]
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Introduction UKGT applies to any goods imported into the UK from countries which the UK does not have a Free Trade Agreement in place, and which are not covered by any other specific exemption i.e. a tariff suspension. UKGT is a new regime that has been developed to meet the needs of the UK economy, [...]
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