- HMRC has updated its tool to check if businesses storing third party goods in the UK are registered with the Fulfilment House Due Diligence Scheme
- The scheme applies to businesses storing goods imported from outside the UK, owned by someone outside the UK, and being offered for sale in the UK for the first time
- Failure to apply to the scheme can result in a business not being allowed to trade as a fulfilment business, a £10,000 penalty, and a criminal conviction
- Businesses must apply online for the scheme and cannot use an agent to apply on their behalf
Source: deeksvat.co.uk
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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