HMRC: Singapore Single Window System, Day 1 Plan & Transitional Period Decision

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On the 14th of September, the newly reconstituted House of Commons Treasury Committee held their first hearing focused on Customs, bringing in three senior representatives from HMRC to address questions on the UK’s customs and trade strategy post-Brexit. Jon Thompson, HMRC Chief Executive, told the committee that HMRC had been very involved in the production…

Impact of changes to Valuation under the Union Customs Code on Customs Duties: Removal of the First Sale Rule under the Current Implementation Legislation

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Impact of changes to Valuation under the Union Customs Code on Customs Duties: Removal of the First Sale Rule under the Current Implementation Legislation Since the Union Customs Code (UCC) was adopted on 9th October, 2013, replacing the long awaited but never realised Modernised Customs Code, there has been speculation on how this new Regulation…