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Trade Deal Updates

As many will be aware, one of the supposed benefits of Brexit is that the UK can now negotiate its own Trade Deals. In theory, this allows UK businesses to trade with suppliers and customers in countries where a Trade Deal exists, potentially benefiting from lower import charges.

AEO - what are the basics?

Authorised Economic Operator (AEO) standards are an internationally recognised kitemark, which are awarded by Customs once a business is deemed to be a safe and secure link within the global supply chain.

HMRC Love a Penalty

Although we are all used to HMRC applying penalties on VAT errors, they have typically used their powers of applying civil penalties rather sparingly in the past where they have been duty underpayments, saving these for persistent offenders.