From January 1st 2017 the commodity codes list undergoes its annual review by HMRC during which many tariff codes are added/deleted. Of interest to toy manufacturers/importers/exporters will be the addition of a new code for children's interactive electronic toys. The extract pictured above is from an IES classification…
Need help with classifying your goods on import into the UK? Are you finding footwear classification confusing? Are you having problems classifying your imports. Let us help we have designed easy to use Commodity Code classification trees. For more information or…
Potentially Negative Impacts A period of trade instability The need to write customs legislation as EU legislation is redundant. The UK may choose to adopt the EU current legislation and amend over time. Increased costs as with no FTA’s in…
EU single market: In order to limit any damage to trade the UK will want to start negotiations with non-EU trade partners to preserve any existing level of preferential access UK companies currently get to their markets. Rest of…
The European Council (minus the UK) will agree the terms of the UK’s withdrawal from the EU for a consensus they need to have a ‘qualified majority’ which according to article 218(3) of the functioning of the European Union (TFEU) will require at least 72% of…
Sequence of events: By October the UK triggers Article 50 of The European Union (TEU) The European Council (minus the UK) must then agree by consensus the terms of the UK’s withdrawal. Any agreement will need to have a ‘qualified…
The focus and commitment of IES will be to continue to help and keep you informed so that we can assist you as you can try and mitigate the risks from the some of the potential negative impacts on your international trade…
17th May 2016 – Under the UCC HMRC are using AEO as the standard that a trader must meet to be able to benefit from simplifications for some customs authorisations and simplifications and to obtain waivers/reductions in level of guarantees to…
26th April 2016 – HMRC have issued some clarification on whether under the UCC (i.e. from 1st May 2016) Royalties & Licence fees will form part of the dutiable value of imported goods. The guidance states that inclusion depends on…
Only a few days left to take part Traders have been asked to take part in an EU survey to establish the scale of the administrative burden encountered during the submission of Intrastat returns. In the future there will be…