Key benefits of the UK-India Free Trade Agreement Following negotiations which began in 2022, the UK-India Free Trade Agreement, formally known as the Comprehensive Economic and Trade Agreement (CETA) entered into force on 15 July 2026. CETA constitutes one of the UK’s most significant trade agreements since Brexit took effect and signifying improved market access and supply chain opportunities for businesses whose supply chains have links to the two territories. For many businesses, the…
On 13 July 2026, HMRC published a policy paper (Reforming the customs treatment of low value imports into the UK), setting out a new measure to reform how low value imports (“LVIs”) are treated for customs purposes. The measure will remove the current relief available to goods valued under £135 (the “LVI Relief”) and enable HMRC and HM Treasury (“HMT”) to introduce new customs arrangements for these goods. UK retailers have long called for action…
We are delighted to invite you to an in-person Customs Day focusing on the latest customs and global trade developments. This half day event will be particularly relevant to customs and trade compliance professionals, as well as legal counsels who are keen on staying abreast of the dynamic changes in the field. We are privileged to have speakers from Baker McKenzie in Stockholm, along with esteemed colleagues from other Baker McKenzie offices around the world.…
In a move that could significantly reshape transatlantic commerce, President Donald Trump signed Executive Order 14309 on June 16, 2025, enacting key provisions of the UK-US Economic Prosperity Deal. This agreement, unveiled at the G7 summit in Canada, aims to ease trade tensions and foster deeper economic cooperation between the United Kingdom and the United States. The order was published that same day in the Federal Register and its provisions went into effect on June…
The UK published its Customs Valuation Handbook (“Handbook”) on 25 June 2025, offering a comprehensive update on its guidance for how the customs value should be determined for goods imported into the UK. While not legally binding, it clarifies HM Revenue & Customs’ (“HMRC”) interpretation of the law, bringing it more in line with the type of customs valuation guidance published by the European Commission.This update follows earlier consultations and forms part of HMRC’s broader effort…
Introduction On 15 April 2025, the Tax Chamber of the First-tier Tribunal issued its judgment inRoseline Logistics Limited v HMRC [2025] UKFTT 0042 (TC), holding that a customs service-provider that had wrongfully used post VAT accounting (“PVA”) on various declarations made on behalf of an importer was jointly and severally liable for the import VAT due to HMRC. Facts The appellant, Roseline Logistics Limited (“Roseline”), provided customs agency services. In a 4-month period in 2022,…