Page 2 - Returned Goods News Today

Collaboration between leading leisure marine representative bodies yields positive confirmation on post-Brexit VAT interpretation

New guidance on Post-Brexit EU VAT status of second hand boats 0shares Marine organisations in the UK and EU have come together to release guidance on the EU VAT status of second hand boats following Brexit Confusion over the VAT status of second hand boats in Europe following Brexit has led to the guidance being issued. Credit: Getty Confusion over the EU VAT status of second hand boats following Brexit has led to leading marine bodies in Europe and the UK collaborating to issue new g...

Additional Information (AI) Statement Codes for Data Element 2/2 of the Customs Declaration Service (CDS) Find out the codes to be used to provide additional information in Data Element (DE) 2/2 of the customs declaration or clearance request (Appendix 4). From: Contents This Appendix provides details of the codes to be used to provide additional information in Data Element ( DE) 2/2 of the customs declaration or clearance request. The completion of codes will be determined by the: Pr...

8th April 2021 Unprecedented declaration of unity: the International Council of Marine Industry Associations (ICOMIA), European Boating Industry (EBI), European Boating Association (EBA), British Marine (BM) and the Royal Yachting Association (RYA) joined forces to provide clarification on VAT and customs for recreational boating companies and users Following the UK’s withdrawal from the EU, there have been many questions that have caused confusion and uncertainty for the leisure marine sect...

An Irish customs expert says she has found a solution to the Brexit "Percy Pigs" problem, that could result in retailers here avoiding having to pay hundreds of millions of euro in tariffs each year.

Who can claim relief You can get this relief if you’re re-importing goods into the UK that have previously been exported. This is known as Returned Goods Relief. The relief does not apply where those goods were exported from the UK as a result of their removal from Northern Ireland. The goods must be re-imported in an unaltered state, apart from any work that may have been carried out to maintain the goods in working order, the goods cannot have been upgraded to increase their value. The good...