If your business is active in international trade, it is crucial that you are aware of all the local administrative regulations and obligations. Many countries have specific schemes or authorisations that make international trade easier from a practical or administrative point of view. Even so, strict adherence to the relevant rules is crucial, as was made apparent in a recent tribunal decision in the United Kingdom. Although the administrative error in that case was minor, the consequences were far-reaching.
Source Baker Tilly
