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Is Digitalisation the future of Customs and Global Trade?

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  Discuss with Lesley Batchelor and Arne Mielken on digital trade and the future of Customs and Global Trade Join Lesley Batchelor, OBE. export Champion with more than 30 years of experience in international trade and Arne Mielken, Founder and Managing Director of Customs Manager Ltd with more than 20 years of experience in customs and global trade. as they discuss if digitalisation is the future of customs and global trade. "Technology advances and the need to facilitate global trade require us to think about how we will customs clear and move goods in the future and what paperwork is required. Hopefully, a simple click is enough", Custom geek Arne Mielken said. "Legislation in this area is lagging behind technological advances. We need businesses and lawmakers to sign from the same hymn sheet to make digital global trade a reality - soon", trade champion Lesley Bachelor said. We hope you enjoy this video and would greatly welcome any feedback. Customs Manage...

Bonded warehouses: A way around Brexit red tape, but do your sums

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  Our exit from the European Union and the Covid pandemic have fuelled a surge in demand for warehouse space among retailers and logistics providers. More and more importers are considering bonded or customs warehousing as a solution to the extra duties and red tape thrown up by Brexit. Bonded warehousing allows you to delay paying customs charges and VAT on goods imported from outside the EU until they are removed and sold. This offers significant cashflow benefits to businesses and owners who can avoid the double duty on goods that are imported into the UK and then exported to non-EU countries. My word is my bond But firms need to be sure they are working with warehousing and logistics partners who understand the rules and regulations governing these duty-free zones. And logistics firms expanding into bonded warehousing for the first time to meet growing demand need a clear understanding of their reporting and compliance obligations. You have to fulfil certain requirements wh...