Strong & Herd LLP

HMRC has issued some BTOM guidance on some of the most common SPS errors experienced by traders and their agents at the border. The list includes errors up to the end of January 2024, with the view that publishing errors and guidance on how to avoid them may be helpful as we advance. #BTOM #EUExit #importexport #SPS #EHC #errors #DEFRA #internationaltrade

Financial Sanctions are a critical area of trade compliance that any business must consider. HM Treasury is the government’s economic and finance ministry. OFSI, the Office of Financial Sanctions Implementation, are part of HM Treasury. The role of OFS I is to ensure that financial sanctions are properly understood, implemented, and enforced in the UK. OFSI has now provided a list of FAQs as supplementary information to support their primary guidance. OFSI confirms that if a company is unsure about its obligations in a given case, it should seek independent legal advice. #finanicalsanctions #sanctions #internationaltrade #importexport

Change in the realm of international trade was definitely in the spring air. Stay updated by catching up with last month's updates in the April edition of "That Was the News." #internationaltrade #importexport #newsletter #importing #exporting

In an era of heightened environmental consciousness and ambitious climate goals, nations increasingly focus on implementing measures to curb carbon emissions. One such initiative gaining momentum is the Carbon Border Adjustment Mechanism (CBAM). Developed to align trade policies with climate objectives, CBAM is poised to reshape the landscape of international commerce, ensuring that imported goods meet stringent environmental standards. Now, the United Kingdom is gearing up to introduce its own iteration of CBAM, marking a significant stride towards a more sustainable future. #CBAM #internationaltrade #importexport #importing #exporting

The Notice to Exporter update (2024/08), a crucial document issued on 25th April 2024, provides detailed information about Compound Settlements made to UK Exporters between January and March 2024. The update highlights six settlements, the highest being a staggering £971,726. This amount was imposed for unlicensed exports of Military Goods, underscoring the financial implications of non-compliance with export control regulations. #exportcontrols #export #customscompliance #dualuse #internationaltrade #update #military

⚠ HMRC has written to all exporters, advising them of the importance of ensuring that CDS export declarations are not only arrived at export locations, but that they are also physically departed on the CDS. Under the CHIEF system, an export declaration that wasn't departed would be assumed to have departed after a set period by CHIEF. This meant that, although the declaration could not be used as official evidence of export, it would appear on the export MSS report, albeit with an ICS code of 61 (Assumed Departure). #update #CDS #export #exporters #internationaltrade #customscompliance #freightforwarder #logistics

HMRC wants to reiterate that CHIEF badge permissions will be removed from the system on June 4th, 2024. After this date, it will not be possible to submit new export declarations through the CHIEF system. An ability to view and amend declarations will remain after the badge permissions have been removed, using the HCI (Human Computer Interface) and EDI (Electronic Data Interchange). #export #update #CDS #internationaltrade

In light of the recent court case involving Thyssenkrupp Materials (UK) Limited (TK) and HMRC, businesses facing potential discrepancies or disputes with HMRC during audits can benefit from Strong and Herd's Customs Audit Health Check's expertise. #internationaltrade #importexport #customscompliance #vatcompliance #customsduty #supplychain #importing #exporting

The UK and the U.S. have announced joint action to restrict prohibited Russian metal exports by extending the existing bans to the world’s two largest metal exchanges. The London Metal Exchange (LME) and the Chicago Mercantile Exchange (CME) will no longer trade new aluminium, copper and nickel produced by Russia. #Russia #update #importexport #metals #internaltionaltrade #US #UK

National ATA Carnet Unit Change of Address The HMRC department has relocated from Ralli Quays to New Bailey Street and is in the same building as the National Temporary Admissions Seat. #update #HMRC #importexport #internationaltrade