Many businesses in the UK import goods from the EU, and in the case of a no-deal Brexit, those import procedures will change significantly. This guide will help you figure out what you’ll need to do to receive goods from the EU or other countries.Don’t use these guidelines for ...
In November, the UK Government updated the Border Operating Model (BOM), the primary document outlining the UK’s border controls for the import and export of goods between the UK and the European Union.
This statistic shows the value of imports of sporting goods to the United Kingdom (UK) from 2010 to 2023, split by those coming from within and outside of the European Union (EU).
Most businesses that import products from China work based on the importer paying a deposit, and then later paying their balance shown on the bill of lading (once the Chinese supplier has shipped the goods from China to UK). I’ve included some examples of payment terms from ‘worst case’...
In 2023, Germany was the United Kingdom's main import partner when it came to trade in goods and accounted for 12.7 percent of all UK goods imported. In the same year, 9.9 percent of goods imported into the UK were from the United States, with a further 9.6 percent from China. ...
Standard practice for goods from the U.S. but now that applies between UK and Europe, too. And under the new rules, anyone in the UK receiving a gift from the EU worth more than $50 may now face a bill for import VAT, a tax of up to 20 percent of the valu...
The EU has recently decided to regulate the import of cultural goods in the EU. While the new provisions have been widely criticised for various reasons, primarily for having a freezing effect on the European art trade, it cannot be overlooked that the regulation o...
So for the goods, shipping, and import duty, you'll pay £22,990 in total. As it’s from outside the EU, you’ll also need to pay VAT on this amount.How to pay import tax? If you need to pay import duty on a delivery from China, UK customs will automatically let Royal Mail...
In 2021, China was the third largest partner for EU exports of goods and the largest partner for EU imports of goods. The rules and systems of EU customs increasingly affect the business of Chinese companies exporting to the EU, especially in terms of customs clearance and compliance challenges...
When trying to understand International Trade logistics to & from the UK, it is important to note that the UK is a part of the European Union (EU) & because the EU is a single economic territory, goods can move freely between EU Member states without any taxes or duties. ...