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Do You Have Any Clients That Import from / Export to China? If so they need to be aware of a recent event which will affect them
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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.
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Given the advent of the new Customs law and the fact that businesses who look to use Customs Reliefs, e.g. a bonded warehouse, will possibly be required to lodge a security come June 2016, it is interesting to note that we are coming across HMRC seem…
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Your decision to apply for Authorised Economic Operator (AEO) or not is based on whether it benefits the business against costs of applying for, and maintaining, the required AEO standard.
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