Whatās the Buzz?Ā Ā HM Revenue & CustomsĀ has clocked a bit of inconsistency in how several excise warehouses are dealing with duty deferment. So, theyāve sent around a friendly reminder of the golden rules listed in section 11.5.2 of Excise Notice 197:Ā ā¢ Point 1ļøā£: Only the warehouse manager or the owner of the goods (with the appropriate certificate in hand) can defer excise duty when goods are on the way out of the warehouse.Ā ā¢ Point 2ļøā£: Regulation 8 of The Excise Goods Regulations 2010 spells out who needs to cough up the excise duty when goods are waving cheerio to the excise warehouse.
How Can NGT Help? š¤Ā Confused and scratching your head around how this duty deferment malarkey affects you? Drop us a line! Weāre here, ears open, brimming with friendly advice to help you navigate these waters. No hard sell, just great expert advice!Ā
š Fancy a chat? Pop an email toĀ ngtbd@ng-terminal.comĀ and letās explore how NGT can be your pal in paving the way for business growth!
Whatās the Buzz?Ā Ā
HM Revenue & CustomsĀ has clocked a bit of inconsistency in how several excise warehouses are dealing with duty deferment. So, theyāve sent around a friendly reminder of the golden rules listed in section 11.5.2 of Excise Notice 197:Ā
ā¢ Point 1ļøā£: Only the warehouse manager or the owner of the goods (with the appropriate certificate in hand) can defer excise duty when goods are on the way out of the warehouse.Ā
ā¢ Point 2ļøā£: Regulation 8 of The Excise Goods Regulations 2010 spells out who needs to cough up the excise duty when goods are waving cheerio to the excise warehouse.
Why Does This Matter? šĀ
As proud members of theĀ The Bonded Warehousekeepers Association (BWA)Ā family, we atĀ NG Terminal LtdĀ are absolutely delighted to be able to share these nuggets of wisdom! For the full scoop, donāt be shy, head over to:Ā https://lnkd.in/eKM38QRV.Ā
How Can NGT Help? š¤Ā
Confused and scratching your head around how this duty deferment malarkey affects you? Drop us a line! Weāre here, ears open, brimming with friendly advice to help you navigate these waters. No hard sell, just great expert advice!Ā
š Fancy a chat? Pop an email toĀ ngtbd@ng-terminal.comĀ and letās explore how NGT can be your pal in paving the way for business growth!
#BWAĀ #HMRCĀ #DutyDefermentĀ #ExciseWarehouseĀ #BusinessGrowthĀ #NGTĀ #CommunityUpdateĀ