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Value-Added Tax (VAT) Customs Imports

DLA Piper

Customs Agent Ordered to Pay GBP1m in Import VAT Relating to its Customer's Imports

DLA Piper on

Roseline Logistics Ltd (Roseline) acted as a Customs agent for QP Trading Limited (QPTL) and made 32 import declarations between January and May 2022. Roseline claimed postponed VAT accounting (PVA) on QPTL's behalf in each...more

Braumiller Law Group, PLLC

Hot Topics in International Trade - November 2023 - Legal Framework Governing IMMEX Operations

As we have previously explained in other articles, an IMMEX is a duty deferral program from the Mexican federal government created in 2006, which stands for Industria Manufacturera, Maquiladora y de Servicios de Exportación...more

Foley & Lardner LLP

What Every Multinational Company (that Operates in Mexico) Should Know About . . . Managing Fixed Assets

Foley & Lardner LLP on

Multinational companies operating in Mexico are subject to Mexican regulations regarding the use of foreign goods. Mexican customs law provides that, with the exception of goods for personal use, any person who possesses,...more

White & Case LLP

What business needs to know about trading goods under the EU-UK Trade and Cooperation Agreement

White & Case LLP on

In this alert, we focus on the key takeaways for trade in goods under the EU-UK Trade and Cooperation Agreement ("EU-UK TCA"). Bilateral trade between the UK and EU will be duty free and quota free provided the relevant...more

WilmerHale

A riskier future for European logistics firms?

WilmerHale on

Where once there was Brexit, now there is Coronavirus. In these troubled times it is difficult to look beyond the next day, but from 1 January 2021, when the post-Brexit transition period ends and the United Kingdom leaves...more

Womble Bond Dickinson

Brexit: Temporary Tariff Rates

Womble Bond Dickinson on

On 13 March 2019 the UK government published details of the temporary rates of customs duty it would impose on imports should a "no deal" Brexit occur. Under the temporary regime, the government expects 87% of total imports...more

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