VATupdate

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New Civil Penalties for Import and Export Obligations Effective from December 2023

  • New civil penalties for breaches of reporting obligations in import/export of goods
  • Penalties added to Customs (Contravention of a Relevant Rule) Regulations 2009
  • Penalties apply to breaches of new regulations in Customs (Import Duty) Regulations 2019 and Customs (Export) Regulations 2020
  • Penalties may apply to failures in meeting reporting obligations for import/export of goods, including movements to/from installations on UK continental shelf
  • Regulations required to align customs and excise duties with those in the UK

Source: gov.im

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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