What is Customs Declaration Service?
The Customs Declaration Service (CDS) will replace CHIEF as the system through which imports into the UK are declared from 1 October 2022.
Whilst the majority of businesses instruct third party freight forwarders and customs agents to process import declarations on their behalf, action is still required by businesses before 1 October 2022, including subscribing to CDS.
HM Revenue & Customs (HMRC) has been writing to businesses with a GB EORI number to alert them to the forthcoming changes, and the most recent communication from HMRC has clarified the steps traders need to take in readiness for the change.
Source Saffery
Latest Posts in "United Kingdom"
- HMRC Guidance: How to correct VAT errors and make adjustments or claims (VAT Notice 700/45)
- Supreme Court Decision Mandates Prudential to Pay VAT on £9.3 Million Success Fees
- UK Supreme Court Rules on VAT Grouping and Time of Supply in Prudential Case
- High Court Rules in Favor of Hotelbeds UK on Input Tax Recovery Without VAT Invoices
- HMRC Updates Notice 700/45: Correcting VAT Errors, Claims, and Penalties Guidance Revised