UK – import duty and import VAT payments due 15 April 2020

The UK tax authority, HMRC, has announced that businesses which will struggle to meet deferred import duty and import VAT payments due on 15 April can apply to defer those payments. HMRC will be available over the Easter holiday weekend to deal with those requests. Affected businesses are urged not to wait until Tuesday 14 April, as HMRC anticipates delays following the Bank Holiday.

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INDIA: News on Trade and Taxes

Trade war reaches Indian shores

USA recently partially revoked concessional tariffs offered under the Generalised System of Preferences (GSP) to less developed and developing countries. GSP, described as USA’s oldest and largest trade preference program (of which India was the largest beneficiary), revoked concessional customs duties offered on approximately 90 items.Read More »

The state and I

309712_web_R_K_B_by_RainerSturm_pixelio.deI like being a citizen. I have a high regard for the state, in which I live. I express my regard by fulfilling my duties, by paying the bill it sends me for its work on time and observing the laws it passes. I have a high regard for what it does, whether education, road building, security or health, to name only a few. Read More »