Discover and read the best of Twitter Threads about #hmrc

Most recents (6)

How Extinction Rebellion 168 climate change zealots - incl. a baronet's Cambridge-educated granddaughter - are paid £400 a week to bring mayhem to our streets. Tory MP called on #HMRC to launch an immediate investigation into the XR tax affairs
mol.im/a/7566515
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Paid XR activists who call for collective guilt & punitive #taxes on the western #taxpayer are enabling new breed of green capitalism, that make select few fabulously rich, while the rest of us choke down meatless hamburgers & pay our #politicians to tax us into oblivion
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Climate Mobilization’s call to action has also managed to unite leftists & anti-capitalists with the global elite. Extinction Rebellion’s call for “net zero” atmospheric carbon is shared by The World Bank, and a host of neoliberal think-tanks & financiers
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Read 10 tweets
Help me out here Twitter: does #HMRC recognising EU27 EORI numbers under #nodeal or actually even a deal scenario make any sense?

I've not dealt with CHIEF for a while so maybe I'm missing something here /1

#TaxTwitter
You were always able to import into the UK from outside the EU using a non-GB EORI number. But thanks to a glitch in the CHIEF system which doesn’t recognise other EORIs, you were not able to recover import VAT in the normal way via the C79 form. /2
So you had to use other, more complicated ways. No under #nodeal if firms use a non-GB EORI number and all movements from the EU will be imports and import VAT applies it makes no sense to use a non-GB EORI. Or has this now been fixed/we're hoping CDS will finally be ready? /3
Read 4 tweets
Look, it's great that #HMRC have announced a 6 month postponement of the safety and security declaration requirement. Another simplification for UK importers under #NoDeal. And yes, it will make importing significantly simpler /1
These simplifications will make things easier for eligible importers- and any easement is a good thing. Especially as UK businesses had to cope with disruptive uncertainty over the last 2.5 years /2
This is obviously only a partial solution as the EU is not obliged and unlikely to reciprocate with any simplifications of their own. So UK companies will still need to get up to speed with #customs procedures making them, at least in the short term, reliant on brokers /3
Read 8 tweets
Interesting. "Real-time visibility of #customs duty costs". Seems they're using MSS data from #HMRC. Not sure how different from internal review a company can do by purchasing MSS data and analysing /1 thebusinessdesk.com/northwest/news…
Sounds like part of the analysis done by the system. Highlights outliers? Codes and entries that do not match customs profile. Company website /2 ccdigitalsolutions.com
By the way, purchasing MSS data from HMRC and reviewing it is the best way to understand your customs footprint ahead of #Brexit. You do however need someone who will help you understand it if you don't have a customs team /3
Read 3 tweets
IMPORTANT. #HMRC announced (still informally) Day1 #NoDealBrexit #customs simplifications for traders. Substantial simplifications planned for EU/UK trade. Also for RoRo traffic. Available for undefined time but 12 months’ notice will be given if changes planned /1
Customs declarations and pre-notifications still required but various simplifications available to avoid congestion. Traders able to lodge them ahead of goods arriving at the border or into company’s records /2
Initial declaration submitted in the company’s own commercial records. Once the goods arrive in the UK a supplementary declaration is lodged /3
Read 12 tweets
#NUFC loss of £90.9m confirmed before gains on player sales for Sissoko, Wijnaldum etc reduced that by £42.2m
Cash flows from player trading (as some deals on credit) show net cash cost of £11.1m in 2016/17 for 2016/17. Net borrowings from Mike Ashley/MASH Holdings £15m
#NUFC matchday income down 10% despite higher attendances & more matches in #Championship due to lower ticket prices & prawn sandwich sales. Commercial income halved due to loss of #EPL central commercial deals & TV down 35%
Read 12 tweets

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