Two free webinars next week

The UK Customs Academy is running two free webinars next week on moving goods into and out of the UK post Brexit and the Northern Ireland Protocol Don’t worry if you can’t attend the webinar at the time given above, register your details and we’ll send you a recording of the webinar for you to …

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Exchange Control Regulations and Import Controls

Today we will look at the significance of exchange control regulations and import controls. These are already in place in a number of countries worldwide, especially developing nations, the impacts however from COVID 19 may result in these becoming more prevalent even in the more economically developed OECD countries. Exchange control regulations can be defined …

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UK Global Import Tariff – what you need to know

On the 19th May the UK Government announced their UK Global Import Tariff which will apply after the end of the Transition Period to imports from WTO member countries, these may also be referred to as Most Favoured Nation (MFN) tariffs. The announcement on tariffs followed a consultation period with businesses and trade organisations in …

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acfta

The African Continental Free Trade Area (AfCFTA)

As part of your qualifications you will have already learnt or will learn about the importance of the key rules of world trade, covering key principles such as Origin of Goods, Valuation, HS Codes and Safety and Security. As we know these principles practically impact how countries and their businesses operate. In the world today …

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non-tariff barriers

The Impact of Non-Tariff Barriers on Trade

A lot quite has correctly been made of new trade agreements and new trading blocs around the world which have helped to increase free trade and reduce trade barriers in the form of tariffs and quotas. In some cases, however it is the non-tariff barriers and unfair competition that make it harder for an exporter …

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irish border

Genuine GB-NI trade movements should not be subject to customs controls, says Academy dean

The Dean of the UK Customs Academy, Professor David Widdowson, has said genuine NI-GB trade should not be subject to customs controls. Writing for ‘The UK in a Changing Europe’ he said there were two ways for NI-GB trade to be handled, in the event of the Ireland/Northern Ireland Protocol coming into play after the …

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Generalised System of Preferences

This article covers the concept of Generalised Systems of Preference (GSP) which is intended to provide least developed countries (LDCs) with the opportunity to export goods to other countries on preferential trade terms. These terms mean various goods such as textiles and clothing enter developed markets such as the European Union at reduced or zero …

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Ongoing Customs and Trade Announcements

During these difficult times the Government have announced a number of changes and initiatives to support the way businesses trade. The trade areas announced by the Government are sometimes specific to COVID19, but on occasion, they also apply to what exporters and importers should be doing on a daily and weekly basis. Examples of ongoing …

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Duty Matters: Can HMRC Prevent Importers from Gaining Inward Processing on a Retrospective Basis?

Importers need to be fully authorised under inward processing procedure prior to the importation of goods, in order to benefit from a duty relief. However, can HMRC grant retrospective authorisation on goods imported to free circulation, when an importer realises that the goods should have been imported under inward processing procedure? In its public notice …

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Announcement on Customs Special Procedures

On the 9th April the UK announced further customs and trade procedures that would apply from 1st January 2021. For many UK businesses these will be significant announcements impacting the way you trade, particularly with the European Union but also impacting trade with the Rest of the World. In this article we selected one of …

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