Keep up to date with the latest Dains news and industry insights right here in our news section.
VAT Payment Changes for Goods Imported into the UK from the EU and ROW
It has just been announced that as of the 1st January 2021, VAT on goods being imported into the UK from both the EU and ROW will not be paid at the border. Instead, it will be accounted for on the UK VAT return in boxes 1, 4 and 7. [...] Read More
Do you hold stocks of imported goods in the UK?
If you hold stocks of imported goods in the UK, you may be able to achieve cash flow savings by postponing the time at which duty on importation is payable by using a customs warehouse. [...] Read More
When To Claim Under Coronavirus Job Retention Scheme?
HMRC have just released the official deadlines for making claims under the Coronavirus Job Retention Scheme. [...] Read More
How are Transit Procedures Impacted by Brexit?
The UK will remain in the Common Transit Convention (CTC) following Brexit from the 1st January 2021. [...] Read More
Turning Goods into a Different Product Could Help to Reduce Your Duty Payable
If you import goods into the UK and apply a process to them, turning them into a different product you may be able to achieve duty savings by applying to use inward processing relief (“IPR”). [...] Read More
Avoid Penalties by Knowing the Correct Classification Codes
If the UK leaves the EU without a deal then, from 1 January 2021, duty may become payable on goods you import into the UK from European Suppliers. [...] Read More
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