Customs reporting service ends soon
HMRC has urged businesses that import and export goods to start preparing to switch to the newer Customs Declaration Service before 30 September 2022. What should affected businesses do?
The Customs Handling of Import and Export Freight system is the reporting platform that was used prior to Brexit. However, it is being wound down. Import declarations will no longer be able to be made on it after 30 September 2022. Export declarations will cease after 31 March 2023. Instead, businesses will have to make declarations via the relatively new Customs Declaration Service (CDS). However, it may not be as simple as just switching over. If the business makes its own declarations, it will need to acquire specialist software to use the CDS, and so preparations should begin sooner rather than later. HMRC has introduced a Trader Dress Rehearsal, a simulated CDS that gives businesses the chance to practice using the CDS with no fear of penalty for errors. You can sign up for the CDS here and, once up and running, take advantage of the more modern system, including single platform reporting, and unrestricted electronic access to declarations data.
Related News
-
Planning ahead for pension salary sacrifice changes
From 6 April 2029, both employers and employees will be required to pay Class 1 NI on pension contributions in excess of £2,000 made through a salary sacrifice arrangement. What can you do about it?
-
Marginal relief - responding to an HMRC nudge letter
HMRC is running a campaign to clamp down on incorrect claims for corporation tax marginal relief (MR). In what circumstances might you be challenged by HMRC and how should you respond?
-
Can you claim input tax on costs linked to electric cars?
Your business intends to go green and buy new electric cars. Can you claim input tax on the purchase of the vehicles and their subsequent fuel costs? Additionally, what recent change has been announced by HMRC?
This website uses both its own and third-party cookies to analyze our services and navigation on our website in order to improve its contents (analytical purposes: measure visits and sources of web traffic). The legal basis is the consent of the user, except in the case of basic cookies, which are essential to navigate this website.