What is PIVA - Postponed Import VAT Accounting? It’s a way of settling Import VAT. When PIVA was introduced nine months ago it was well received in the industry as a good solution to facilitate the border declaration process. Prior to…
CHIEF will be switched off on 31st March 2023 Our message is: do not delay, make a plan for CDS As many of us are aware, import declarations will soon be migrated to CDS. The Government have started the countdown…
With increasing rhetoric and fears of shortages being experienced in Northern Ireland and more concerns being raised by major High Street retailers, the Prime Minister has today acknowledged that the current solution for Northern Ireland is unworkable. "Unfortunately, one vital…
New rules on wood packaging material for import and export start in January 2021. Read on if you use or supply wood packaging material (WPM) to move goods to or from the EU or the rest of the world, as…
Two notices have appeared on the Government websiterecently with important updates for businesses who trade through Northern Ireland. Do you trade in NI? How to manage ‘at risk' If your business moves goods into Northern Ireland from Great Britain or…
Speaking at the recent Norfolk Chambers’ Brexit webinar showed me just how important the current situation is to businesses who trade in Europe, and that everyone has a different set of issues to wrestle with.Over sixty businesses in our region…
From 1st January 2021 goods moving between the UK and EU will become imports and exports, and import VAT will be due on every movement. This means importers and exporters will need to be on top of their VAT. In…
If you've been using the Import Export Support checklist, this is the third and last set of notes covering off the last three tasks on the checklist.Checklist notes: NI, GVMS and Intrastat 13. Northern Ireland From Jan 1st 2021 goods…
Whether you've been using the IES Brexit Actions checklist or not, these notes should useful in your preparations for Jan 1st. Checklist notes: compliance, Inco Terms, UK and EU tariffs and VAT 6-9.Compliance From 1 Jan 2021 declarations will increase…
In our last post we listed the preparations businesses need to make to be ready for 1st January. If you've been using the checklist, you may find these notes useful as background for the first four tasks.We'll be following this…