https://www.nemolink.co.uk/brexit-news/customs-declarations-post-brexit/

Getting ready for the new Customs Declaration Service for businesses that import or export goods outside the EU

HM Revenue and Customs (HMRC) will begin 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, with all declarations taking place on CDS from early 2019. CHIEF currently processes declarations to facilitate the international movement of goods between …

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eBay fulfilment

eBay launches Amazon style fulfilment service to the UK sellers to deliver end-to-end logistics management

At the end of July 2021 eBay launched its much-anticipated fulfilment service to its UK sellers. The end-to-end fulfilment service, which was first introduced in Germany last year, will provide UK sellers with greater logistical management and seller protection. Not only will consumers be able to keep their items in eBay warehouses, but they will …

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Construction Industry Scheme (CIS)

Construction Industry Scheme allows subcontractors to make regular contributions towards their national insurance and tax obligations

The Construction Industry Scheme (CIS) is a set of special rules that affect tax and National Insurance for those working in the construction industry. Businesses in the construction industry are known as ‘contractors’ and ‘subcontractors’ and will need to be aware of the tax implications of the scheme. Under the CIS, contractors are required to deduct …

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VAT Margin Schemes

How the Margin Scheme works and when you can use it for sales of second-hand products

VAT margin schemes involve paying a reduced VAT rate on second-hand items and only paying VAT on the difference between the buying and the selling price. The margin scheme permits a company to pay 16.67% VAT rather than the standard 20% for eligible purchases. The 16.67% rate is only applied to the difference between what you paid for the …

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