by daniella | Aug 15, 2022 | Brexit, trade
Brexit has made trading between the UK and EU more complex and more expensive. For smaller businesses, in particular, customs duties and import VAT now pose a serious cash flow challenge. Fortunately, there are strategies to manage the cost of shipping, reduce the...
by daniella | Apr 7, 2022 | Brexit, trade
It’s 2022. In a perfect world, traders would have fully optimised operations for Brexit by now. Yet importers continue to face practical hurdles. Red tape is proving costly and confusing, especially for small businesses. And that shouldn’t really be surprising. ...
by daniella | Mar 21, 2022 | trade, UK
HMRC has urged UK businesses to prepare for the new customs platform. UK customs authorities are replacing the Customs Handling Import and Export Freight (CHIEF) system with an advanced IT platform. Authorities recently issued a letter to businesses informing them...
by daniella | Mar 14, 2022 | Brexit, trade
71% of UK exporters say the UK-EU trade deal “is not enabling them to grow or increase sales”. That’s the findings of the British Chambers of Commerce, which surveyed over 1000 businesses. A minority of respondents (8%) said that the trade agreement is...
by daniella | Mar 7, 2022 | customs duties, trade
UK customs duties paid by UK companies increased 64% in 2022, compared to the previous year. Reports suggest that the increase could be linked to the administrative complexity of trade under the Brexit deal. City A.M. reports that UK businesses paid £4.5 billion...
