In a significant update, HM Revenue and Customs (HMRC) has announced the forthcoming removal of the export waiver document code 999L, effective from 1 February 2025. This change is part of the transition from the Customs Handling of Import and Export Freight (CHIEF) system to the Customs Declaration Service (CDS), aiming to streamline and modernize [...]
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The Windsor Framework, established in early 2023, redefines trade regulations between Great Britain and Northern Ireland, aiming to address challenges posed by the Northern Ireland Protocol. Recent delays in implementing certain customs processes have significant implications for businesses operating across the Irish Sea. Overview of the Windsor Framework The Windsor Framework was introduced to streamline [...]
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The United Kingdom is set to introduce a Carbon Border Adjustment Mechanism (CBAM) aimed at aligning carbon costs for imports with domestic production, thereby preventing carbon leakage and promoting global decarbonization efforts. Understanding CBAMCBAM is a trade policy tool designed to impose a carbon price on imports of certain goods from countries with less stringent [...]
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The United Kingdom's Border Target Operating Model (BTOM) is a strategic framework introduced to enhance the management of goods crossing UK borders. It emphasizes security, compliance, and efficiency in trade operations, adopting a risk-based approach to categorize imports from both European Union (EU) and non-EU countries. This categorization determines the specific documentation and compliance measures [...]
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