Proposals to update customs and excise legislation with a view to ‘simplifying the legislation, closing the tax gap, removing burdens on business and strengthening the UK’s borders’ are the subject of an HMRC consultation.
Proposals to update customs and excise legislation with a view to ‘simplifying the legislation, closing the tax gap, removing burdens on business and strengthening the UK’s borders’ are the subject of an HMRC consultation.
‘Customs and excise legislation plays a key role in UK trade and business. Its framework serves to collect taxes on goods and to protect trade from unfair competition and society from a range of illicit goods. Customs also plays an essential role in strengthening the security of international supply chains,’ HMRC said in Modernising Customs and Excise Law: Improving compliance – reducing burdens.
Organisations involved in international trade and the excise trades have highlighted the ‘outdated nature’ of much of the Customs and Excise Management Act 1979.
Comments are invited by 7 November. HMRC will consult later in the year on specific measures to tackle alcohol fraud.
Proposals to update customs and excise legislation with a view to ‘simplifying the legislation, closing the tax gap, removing burdens on business and strengthening the UK’s borders’ are the subject of an HMRC consultation.
Proposals to update customs and excise legislation with a view to ‘simplifying the legislation, closing the tax gap, removing burdens on business and strengthening the UK’s borders’ are the subject of an HMRC consultation.
‘Customs and excise legislation plays a key role in UK trade and business. Its framework serves to collect taxes on goods and to protect trade from unfair competition and society from a range of illicit goods. Customs also plays an essential role in strengthening the security of international supply chains,’ HMRC said in Modernising Customs and Excise Law: Improving compliance – reducing burdens.
Organisations involved in international trade and the excise trades have highlighted the ‘outdated nature’ of much of the Customs and Excise Management Act 1979.
Comments are invited by 7 November. HMRC will consult later in the year on specific measures to tackle alcohol fraud.
