Page 13 - Union Customs Code News Today

SPE16055 - General relief conditions: provisions for common storage of goods Where there is a proven commercial need, traders may apply to their Supervising office for authority to store Authorised Use goods together with non Authorised Use goods of the same kind. Equivalence may be approved only if the goods are of the same commercial quality, the same technical characteristics and fall within the same Tariff Sub-Heading (that is, the same first 8 digits of the Commodity Code). If you are sati...

SPE16065 - General relief conditions: goods not put to their prescribed Authorised Use Traders, who, for reasons beyond their control, are unable to put the goods to the prescribed use, are required by their authorisation to advise their supervising office of the facts without delay. There is a risk that goods could be diverted, without authority, whilst still shown as ‘in stock’ in the trader’s records. Similarly, traders may attempt to defer full payment of duty and in certain cases imp...

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

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The Taxation (Cross-border Trade) Act 2018 The Customs (Export) (EU Exit) Regulations 2019 Customs and Excise Managment Act (CEMA) 1979 - Section 52 - 68 (Exports) Value Added Tax Act 1994 - Section 16.1 Law regulations Title VIII of UCC Articles 263 to 277 or Part 4, Regulations 9 to 50 of CEEER: covers legislation for goods taken out of the Customs Territory of the Union in general. More specifically: Article 6 of the UCC or Regulation 14 of CEEER: Means for the exchange and storage of inform...

EXPP1010 - Introduction: scope of this guidance Our guidance is the main reference material for colleagues in HM Revenue and Customs, staff in United Kingdom Border Force (UKBF) and Other Government Departments (OGD). Customs export procedures and official systems are outlined giving managers and staff an overview of exports, the legislation and general advice. It confirms the processes for traders who export goods under the National Export System (NES) using the Customs Handling of Imports and...

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...

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...

Unprecedented collaboration brings VAT and customs clarification for recreational boaters and companies. © RYA Following the UKs withdrawal from the EU, there have been many questions which have caused confusion and uncertainty for the leisure marine sector both in the UK and in the EU27. Arguably, the biggest has been around the VAT status of recreational craft at the end of the transition period. In an unprecedented declaration of unity, the International Council of Marine Indust...

Special Procedures guidance on Customs matters