About 26,000 eCommerce sellers will have to register for VAT for the first time, under the EU’s new “one-stop shop” system and face £180m in additional red tape costs. On 1st July 2021, the European Union is introducing sweeping reforms to the VAT obligations for B2C e-commerce sellers and marketplaces. 1. Launching the One-Stop-Shop EU VAT …
Rules of origin determine where goods originate from and which are covered in preference agreements. It is not just where goods have been shipped or bought from, with the potential for multiple origins to consider and there can be severe financial penalties for getting it wrong. The origin is where goods have been produced or …
We have been providing outsourcing services since our inception 40 years ago and this critical service has grown over four decades, with the development of our UK and two international business process outsource (BPO) operations. Metro has spent 40 years managing and transforming the outsourced supply chains of ambitious globally trading businesses in the UK …
The government is creating four regional trade and investment hubs to boost economic growth across the UK, but post-Brexit trade agreements with 23 different countries include clauses that exclude manufacturers in the Freeport’s from the deals. Whoops-a-daisy Liz Truss! The hubs will be located in Edinburgh, Cardiff, Belfast and Darlington, with the aim of boosting exports, by …
This stunning article from The Grocer highlights the massive impact that the post-Brexit free trade agreement has had on one of our most vital business sectors. Food exporters have spent a total of 58 years filling out export health certificates so far this year as a result of the new post-Brexit trade rules, the Chilled …
Despite the UK economy edging 0.4% higher in February, helped by a partial rebound in trade with the EU as exporters learnt to deal with new Brexit border restrictions, many more are having to dramatically change their business model, or have simply stopped exporting to the bloc. In the second month since the imposition of new EU/UK …
The EU is to drop ‘Meursing codes’ from import declarations for manufactured food products coming from the UK in a major reduction of post-Brexit red tape, but new EU legislation covering multi-ingredient food products is expected to increase UK export health certificates by up to 30%. The additional EU paperwork, which will be required from the 21st …
Airlines are imposing security charges for cargo arriving from the UK on road feeder services for flights out of European hub airports. Following the end of the post-Brexit transition period in January, EU law no longer recognises feeder trucked cargo from the UK as air cargo secure, and requires all such shipments to be re-screened …
While the EU/UK vaccine spat has underlined the interconnectivity of supply chains, Boris Johnson is putting an invisible trade barrier between France and the UK and 25% of UK SMEs have stopped exporting to the EU altogether. European Commission President Ursula von der Leyen is under fire from the EU’s leaders, for the slow rollout of Europe’s vaccine …
Postponed VAT Accounting (PVA) was devised ahead of Brexit, to avoid the negative cash flow impact of an additional VAT bill at the EU/UK border. Since 1st January 2021, businesses registered for VAT that import goods into the UK from anywhere in the world – and not just the EU – can use postponed VAT, …