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Falsum - Experts in Global Trade and Customs: Blog, Insights & Industry Updates
The UK Government has published plans to implement UK food import controls on agrifood products from the EU beginning 31st October 2023. The UK Government plans to introduce a risk-based approach for Traders and their SPS compliance.
A UK-based food manufacturing business, had been struggling with the high taxes associated with importing finished products from the European Union (EU) and European Economic Area (EEA). The client approached our Customs & Global Trade Advisory experts business seeking help in reducing their tax burden, which had been affecting their bottom line for years. Falsum successfully applied for an Autonomous Duty Suspension (ADS) on behalf of the Client, resulting in over £150,000 of savings.
"Isn't EU Trade supposed to be free?". So, why do 19% of all EU to UK imports pay Customs Duty & Import VAT?
HMRC have seen up to £750m increase in the overpayment of Customs Duties since 2020. Traders are entitled to reclaim all of their overpaid Customs Duty up to 3 years from the date of clearance; here's how to do it.
There's only one way to really if your business has overpaid Customs Duties & import VAT since Brexit; request your MSS Data from HMRC. From our own Client data, we see almost 14% of all consignments have a Customs Duty overpayment.
Rule changes to the food labelling of UK-inbound, EU-origin products have been delayed until 2024 to protect consumers amidst current supply chain challenges.
