Excise Duty...
Below are our articles on the subject of Excise Duty. If you can't see what you are looking for our other categories are displayed on the left under 'Our Quick Links'...
Do You Need an Export License
Generally exporting goods to an EU member state or to a country outside of the EU won’t require you to apply for an export licence. However, the international trade...
Excise Duty and Cross Border Trading
The movement and trade of excise goods is tightly controlled within the countries that make up the current EU (European Union). The controls are even tighter when...
Excise Duty and International Trading
Moving certain goods into and out of the UK may mean your business has to set up systems to handle customs and excise duty payments. When you...
Excise Duty and Selling Within the EU
Exporting to another EU Member State is very easy today. All the current 27 Member States are generally treated as one economic region where...
Excise Duty and the USA
Selling your business’s goods to markets in the USA is similar to selling goods to countries outside of the EU (European Union) as you have to understand and pay and...
How Excise Warehousing Operates
Operating an import/export business will inevitably mean you will have to store goods before they are sent to customers or processed into new items for sale. As...
How to Classify Your Goods for Export
When your business wants to export any goods it has to identify them on all the documents that must accompany each consignment. Every type of...
How to Defer Excise Duty
International trading will mean that your business may come into contact with excise duty. This is a tax that the customs and excise authorities (HM Revenue &...
How to Use Customs Warehousing
As part of your business’s overseas trading, you may bring goods into the UK that will require storing. Customs duty and VAT may be attached to the goods you are...
How to Use Free Zones
Trading in international markets will mean your business will import from countries abroad. When the goods you are trading in come into the UK, they can be stored at...
How to Use Simplified Import VAT Accounting (SIVA)
When your international business imports goods into the UK they will usually have VAT charged on them. However, goods that have a market value of...
Penalties and Fines for Customs and Excise Infringements
Your business must comply with all the customs and excise legislation that is currently in force or face a penalty that could include a fine. Any...
The Importance of Understanding the Tariff
The export trade of goods that can have customs and excise duty applied to them is based on what is called the Integrated Tariff of the United...
Using an Agent to Help with VAT and Excise Arrangements
Many smaller businesses in particular hand the maintenance of their VAT and excise duty payments to a third party agent. As with outsourcing your...
VAT and Export Trading
VAT on any goods you export must be properly accounted for in your business’s own accounts, and on the paperwork that accompanies each of your international...
Zero Rate VAT and International Trade
Importing or exporting goods into and out of the UK will mean your business has to account for VAT. All goods that are bought into the UK will...
