The Customs (Miscellaneous Amendments) (No. 3) Regulations 2024
Overview
The Customs (Miscellaneous Amendments) (No. 3) Regulations 2024 have been published on the UK government’s legislation website. These regulations make a number of amendments to the Customs (Import VAT and Excise Duties) Regulations 2018, the Customs (Import Duty) (EU Exit) Regulations 2018, and the Customs Duty (Origin and Customs Value of Certain Goods) (EU Exit) Regulations 2018.
Key Changes
The key changes introduced by the regulations include:
- Amending the definition of “importer” in the Customs (Import VAT and Excise Duties) Regulations 2018 to include persons who are not established in the UK but who import goods into the UK.
- Providing for the payment of import VAT and excise duties by persons who are not established in the UK but who import goods into the UK.
- Amending the Customs (Import Duty) (EU Exit) Regulations 2018 to make it clear that import duty is not payable on goods that are imported into the UK from the EU.
- Amending the Customs Duty (Origin and Customs Value of Certain Goods) (EU Exit) Regulations 2018 to make it clear that the origin of goods that are imported into the UK from the EU is determined in accordance with the rules of origin that were in force before the UK left the EU.
Impact
The regulations will have a significant impact on businesses that import goods into the UK. Businesses that are not established in the UK will now be required to pay import VAT and excise duties on goods that they import into the UK. This will increase the cost of importing goods for these businesses.
The regulations will also have an impact on businesses that import goods from the EU. These businesses will no longer be required to pay import duty on goods that they import from the EU. However, they will still be required to pay import VAT and excise duties on these goods.
Next Steps
Businesses that import goods into the UK should review the regulations and consider the impact that they will have on their business. Businesses that are not established in the UK should also be aware of the new requirements for paying import VAT and excise duties.
The regulations will come into force on 1 January 2024.
The Customs (Miscellaneous Amendments) (No. 3) Regulations 2024
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