A customs declaration is a legally required document that is used to accompany goods that are being imported or exported. It is used to communicate the origin of the product and its relevant tariff, to allow customs and regulatory authorities such as HMRC to calculate what duty is payable and understand applicable restrictions.
In the EU single market, goods can move freely between member states, but a declaration is required for goods entering or leaving the EU single market from all third countries. After Brexit, the UK is treated as making supplies by an external third party rather than as a business established in a Member State of the EU. This is a complicated issue and anybody that is supplying services into the EU are advised to obtain specific tax advice. VAT needs to be accounted for on the supplies being delivered. Suppliers may be required to register for VAT in the EU Member State where the supplies are being made.
With the Brexit Transition Period ending a new customs, the border has been created between the UK and the EU and changes have come into effect from 1st January 2021. As of this point, any UK businesses involved with importing or exporting goods will have to declare their shipments to HMRC. The customs declaration document details transported goods and provide the information required to evaluate the safety and security aspects of the goods as well as to calculate and collect any applicable duty and VAT.
By definition, Custom Declaration Service (CDS) is the new reporting system used to process declarations for goods entering and leaving the UK or EU through ports and airports, with complete customs information submitted electronically. You’ll need access to the Customs Declaration Service so you can get import VAT statements and certificates to help complete your VAT Return.
HMRC began a phased launch of the Customs Declaration Service (CDS) in August 2018. CDS will replace the existing Customs Handling of Import and Export Freight (CHIEF) system, initially dealing with a small number of import declarations. A wider scope of import declarations will be handled by CDS. Export declarations are due to follow towards the end of the year.
Professional support in custom declarations puts your mind at ease. There are experts in the field and can help take advantage of every opportunity to save time and money. Having an expert on board also gives you the chance to freely consult them and take advice on business decisions. Accountants and professionals can give you business and budgeting plans that can help sustain the business in the long term. With the help of tried and tested solutions, you can ensure that business risk is minimised and weaknesses are overtaken by the strengths of the firm.
Businesses need to prepare for many more import and export declarations as there will be shipments from areas that now require declarations to transport goods through customs.
We can provide dedicated customs clearance solutions for businesses of all sizes from regular importers and exporters who use our freight services or companies. We complete core services such as; couriers, retailers, and e-commerce. Our services are tailored to your company’s needs and put your mind at ease for all imports and exports. Customs clearance is specialised and there are heavy penalties for making false declarations or incorrect declarations. We evaluate and file the paperwork making it a smooth process for the delivery of your goods.
Our customs team are here to help with the increase of volume for custom declarations and can provide support and advice to businesses completing declarations for the first time where the process may seem overwhelming. Our experienced team offers comprehensive packages to ensure your goods have the correct classifications and you pay the right number of VAT & duties.
Throughout these 15 years, B&F Services has evolved to service a whole host of entrepreneurs with a broad array of demands. Throughout this time, we believe that it has been our core responsibility to help provide empowerment to our clients through assistance in the establishment and growth of their businesses, whether this is as a personal guide, to secure funding and investment, or as a means of providing guidance and support to international entrepreneurs.
Over the last decade, we have launched more than 3000 companies and have helped numerous entrepreneurs to establish and develop their businesses across Europe and in particular in the UK. We understand international expansion and the importance of harnessing global markets and opportunities whilst avoiding the related potential pitfalls. We assist companies in a practical way with entry into the overseas markets. Our team is made up of highly skilled individuals who are all experts in their own field.