14 January 2021: ICAEW has issued new guidance on rules governing the origin of goods and warns businesses might end up having to pay customs charges or penalties if they fall foul of the rules.
Customs news and insights
Articles, updates and features from ICAEW offering analysis and commentary on how the UK's exit from the EU affects customs processes and international trade.
16 December: HMRC has published guidance on the validity of binding origin information decisions issued by the UK after the transition period and what this means for businesses importing and exporting goods.
9 December 2020: ICAEW’s Tax Faculty provides an overview of the new Bill to implement key aspects of the Northern Ireland Protocol relating to the tax treatment of goods.
7 December 2020: What should UK companies – and particularly SMEs – be concerned with in the countdown to the end of the Brexit transition period? Staffing, extra costs and contract terms are the three big questions, says Paul Samrah, Partner in Moore Kingston Smith.
4 December 2020: With less than a month to go before the UK leaves the EU Single Market and Customs Union, trade is high on the agenda as negotiations between the UK and the EU go down to the wire.
4 December 2020: With a little over three weeks to go until the end of the Brexit transition period, ICAEW’s Rachel Underhill and John Boulton look at some key considerations for businesses and advisers.
24 November: HMRC has published guidance on how organisations deal with VAT when selling overseas goods to customers within Great Britain from 1 January 2021.
10 November 2020: The UK government has created the Trader Support Service to help firms involved in the movement of goods between Great Britain and Northern Ireland. It provides support on adapting to new processes, including issuing XI EORI numbers which are mandatory from 1 January 2021.
10 November 2020: With less than 30 working days to go until the Brexit transition period ends, ICAEW Tax Faculty delved into all things VAT and customs for a special webinar covering the impending changes to import and export rules.
9 November 2020: A National Audit Office report on UK border preparedness for the end of the Brexit transition period has concluded that while progress is being made, significant disruption is likely, as many traders and third parties will not be ready for new EU controls.