New EU Customs Regulation Ends VAT Exemption for under €22 Parcels
Following an amendment to Regulation (EU) 2015/2446 on EU customs rules, from 1 January 2021 it will be possible to declare goods up to €150 with a simplified customs declaration. The existing VAT exemption for goods up to 22 € will thus be abolished – the popular shipments from China with the label “Gift, 10$” will then be a thing of the past. Although all imports into the EU will...
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SNCF strike may hasten partial sale of Geodis
By Stuart Todd Jan 14 2020 / Lloyds Loading List SNCF’s objective to attain a break-even position by 2022 has been dealt a severe blow by a prolonged strike that could hasten a disposal of assets at France’s state railway, including the partial sale of its freight transport and logistics arm Geodis. In an interview with Paris Match published at the end of last week, newly appointed SNCF chief...
Read MoreInternational road transport: added No Deal processes, documents & burdens
Oct 21 2019 / UKHAULIER With the question of whether the UK will leave the EU without a ‘deal’ or not still in a state of flux operators and drivers need to be conscious of the procedures and documents to be in place in the event of ‘no deal’, on October 31 or on a date thereafter, writes Tim Ridyard of Ashtons Legal solicitors. The exact details of all...
Read MoreUK border risks snarl up in no-deal Brexit – audit office
By Guy Faulconbridge Oct 16 2019 / Reuters LONDON (Reuters) – The United Kingdom’s border risks being snarled up in a no-deal Brexit because as few as 30 percent of traders are prepared, the European Union would introduce controls and organised crime groups would exploit weaknesses, the National Audit Office said. The United Kingdom is due to leave the EU on Oct. 31 and while Prime Minister Boris Johnson...
Read MoreIs Your Supply Chain Prepared for Potential U.S. Tariffs on EU Goods?
By Ben Bidwell Sep 26 2019 / Global Trade Daily Transatlantic tariffs came closer to reality in recent months after the United States Trade Representative (USTR) proposed tariffs on a list of products from the European Union (EU). Unfortunately, even if you’ve already gone through something similar with goods imported from China, the same strategy may not be effective for the tariffs on EU goods. This is due in...
Read MoreBoardroom Brexit 2 August
By Paul Hardy/ Richard Bonnar/ Valerijus Ostrovskis Aug 2 2019 / Mondaq Welcome to the latest issue of Boardroom Brexit, covering developments since the election of Boris Johnson as leader of the Conservative party and, as a consequence, his replacement of Theresa May as the UK’s new prime minister. In this issue we: outline the new government’s Brexit strategy; run through the possible outcomes to the Brexit negotiations, and...
Read MoreMaersk Launches Digital Customs Clearance
Shipping line Maersk has launched a digital customs clearance platform, to help customers deal with complex shipping regulations. It claims to be the first container shipping company to offer the service. By Steve Garnsey Various rules must be followed to ensure traded goods enter and exit a country legally. But if a delay occurs, the entire shipping plan is affected, causing increased expense such as storage costs and fines, resulting...
Read MoreMaersk Launches Online Digital Customs Clearance For Seven Countries in Europe
AP Moller – Maersk has launched a digital customs clearance platform for seven European countries, which claims to be an industry first, with an expand the system globally by year end. Marcus Hand Editor, Seatrade Maritime News As it seeks to streamline the trade processes around container shipping Maersk is taking customs clearance online – initially in the seven European countries of Germany, France, Denmark, The Netherlands, Poland, United...
Read MoreHeadwinds towards East African regional integration: Will this time be different?
From the near pinnacle of a customs union, the old East African Community (EAC) came crashing down in 1977. Why? Political differences between the erstwhile leaders and perceptions around unfair distribution of the benefits and costs of regional integration halted the momentum. Through rebirth and enlargement, though, the new EAC has again risen to great heights as one of the most successful integration schemes on the African continent. Then...
Read MoreWiseTech Global adds Datafreight to its portfolio of acquisitions
OCT 17 2018 / Air Cargo News WiseTech Global has continued its worldwide buying spree with the acquisition of LSI Sigma Software (DataFreight), a leading provider of customs, freight forwarding and warehouse management software solutions in the UK. Headquartered in Southampton, DataFreight provides integrated logistics solutions, including HMRC customs software, specialist consultancy for UK customs compliance and freight forwarding solutions for all modes of transport, along with warehousing capabilities...
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