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GMCCTradeteam
Mar 28, 20245 min read
Import Controls coming from 30th April 2024
In addition to complying with the current controls that came into effect on January 31, from 30 April 2024 traders must: 1.     ...
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GMCCTradeteam
Mar 25, 20241 min read
HMRC announced important updates on EORI and VAT registrations
Please see below the verbatim message received from HMRC and taken from BIFA website: If a business deregisters for VAT, any Economic...
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GMCCTradeteam
Mar 17, 20241 min read
HMRC announces new deadline for export declarations move to CDS
HMRC has written to traders confirming that since 4th March, export declarations can be moved to the Customs Declaration Service (CDS),...
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GMCCTradeteam
Mar 17, 20242 min read
Update on Export Controls NTE 2024/04 - What Traders need to be aware of
On 12th March 2024, the UK Government released the latest amendments to the Export Control Regulations. These new regulations make...
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GMCCTradeteam
Nov 7, 20232 min read
Why Customs Compliance Matters
Whether you are a large, medium or small business, keeping up to date with changes in regulations and making sure you maintain a robust...
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GMCCTradeteam
Oct 24, 20232 min read
Russian Sanctions affecting EU Shipments
From 30 September 2023, European sanctions against a large proportion of Russian steel products came into force. This means that neither...
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GMCCTradeteam
Oct 10, 20231 min read
HMRC Advance Valuation Ruling Service Announcement
HMRC has announced that its Advanced Valuation Ruling Services (AVRS) has been expanded to cover more traders. From 28th September,...
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GMCCTradeteam
Sep 26, 20233 min read
UK business slapped with £1 Million Fine for violating Russian Sanctions
In a recent development, a prominent UK company is facing a substantial fine of £1 million imposed by HM Revenue & Customs (HMRC). The...
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GMCCTradeteam
Sep 10, 20233 min read
The Final Border Target Operating Model - August 2023 Update
On the 29th August, the UK Government publish the latest version of their Border Target Operating Model (BTOM) which is also in line with...
32 views0 comments
GMCCTradeteam
Aug 23, 20231 min read
HMRC announces another extension for CDS exports move
The current plans to move exports from CHIEF to CDS has now been extended till 2024, , after HMRC listened to industry feedback. The...
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GMCCTradeteam
Feb 14, 20232 min read
HMRC announced Transit guidance improvements for businesses
Traders moving goods under the Common Transit Convention (CTC) can now benefit from a number of improvements made to HMRC’s online...
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GMCCTradeteam
Sep 23, 20222 min read
CHIEF/CDS Update: HMRC announced extension for imports
Customs update - CHIEF Transition to CDS
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GMCCTradeteam
Sep 19, 20222 min read
What happens when your goods are subject to an Inland Pre-clearance check?
If you are a business importing goods into the UK or acting as an intermediary for import to the UK, you may be selected for checks. HMRC...
52 views0 comments
GMCCTradeteam
Sep 19, 20222 min read
Export Controls Update: Mandatory EORI number
In August, the UK government’s Export Control Joint Unit (ECJU) confirmed that the use of EORI (Economic Operator Registration...
23 views0 comments
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