News categories

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.

Testimonials

Company 'O' was able to increase the value of sales made to its customer within the contract price after taking advantage of End-Use relief. This meant the initial $3.5million import in a 25 year contract was VAT and duty free.

- Canadian Company 'O',

Cotton importer 'G' was at risk of losing money through the use of a wrong commodity code - this meant instead of 0% duty, 8% was applied, landing them with a bill of £80,000. Our investigations led to the assessment being waived, and the bill being cancelled.

- Cotton Importer,

Company 'R' took advantage of our planning advice and structured purchases to ensure they were making the most of their options. Advice given included audit trail help, and anti-dumping duty guidance.

- UK Company 'R',

Read all Testimonials

Latest Case Studies

Management of UK Importer Company With Limited Knowledge

UK Subsidiary – Restructuring of Supplier Contracts

Preferential Duty Rates

UK Company Restructure to Avoid Anti-Dumping Duty

Cotton Importer using Incorrect Commodity Code

Read all Case Studies

News

The lastest and breaking

News categories

HMRC Love a Penalty

Get in Touch

Testimonials

Latest Case Studies

Latest News