Importing from the EU: Supplementary Declarations

If you’ve chosen to delay making customs declarations on non-controlled goods you’ve imported from the EU this year, you may need to start thinking about making a supplementary declaration. These are due within 175 days of your shipment arriving in GB – so if you imported anything in Ja‌nu‌ar‌y 2021, your supplementary declaration could be due… Continue reading Importing from the EU: Supplementary Declarations

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Accounting for import VAT on your VAT return – Postponed VAT Accounting

Question 1: I’ve heard about PVA, but I’m not sure if it’s for me. Why should I use it, and where can I find out more about it? Answer: PVA allows UK VAT registered importers to account for and recover import VAT on their VAT return. PVA is available permanently and we expect that most… Continue reading Accounting for import VAT on your VAT return – Postponed VAT Accounting

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Moving Goods to the EU

New rules for businesses moving goods to the EU You must declare any goods you send to the EU, providing details about what you’re sending and what it’s worth, using a customs declaration form. You can get a customs intermediary to help you do this. If you’re sending goods using a fast parcel operator or express… Continue reading Moving Goods to the EU

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HMRC answer Frequently Asked Questions on New Trade rules

New rules for businesses that trade with Europe are here. Now that the Brexit transition period has ended, all businesses that move goods between Great Britain and countries in the EU, or under the Northern Ireland Protocol, must follow new customs and tax rules since 1‌‌‌ ‌January 2021. HMRC have provided answers to some of… Continue reading HMRC answer Frequently Asked Questions on New Trade rules

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Rules of Origin: New Rules for Trading with the EU

One of the important changes is Rules of Origin. Rules of Origin concerns where a product was manufactured and determines the ‘economic nationality’ of a good for international trade. Businesses need to know about them because the Trade and Cooperation Agreement means they can trade with the EU without paying tariffs – but only if… Continue reading Rules of Origin: New Rules for Trading with the EU

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