Dev2021

MSC and maersk line announce end of vessel-sharing agreement

The CEOs of 2M Alliance partners MSC and Maersk Line announced today that their vessel-sharing agreement will end in 2025. Vincent Clerc and Soren Toft state that the decision was by mutual agreement. A statement said: “MSC and Maersk recognise that much has changed since the two companies signed the 10-year agreement in 2015. Discontinuing the

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HMRC guidance updated to permit Vietnam to continue to trade on GSP and UK-Vietnam FTA

In December 2020, the UK Implemented a new preferential trade agreement with Vietnam. The original guidance from HMRC stated that GSP will not apply to Vietnam from the 1st of January 2023, this has now been revised. During the transition period, Vietnam has been permitted to trade on both the terms of the UK – Vietnam

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CDS VAT Issue

On 30th December 2022 there was an issue with CDS declarations where VAT charges had been duplicated, this also duplicated excise duty. A fix has been implemented and CDS declarations can be submitted as normal. If you use a Duty Deferment Account for VAT or Excise payments, and have duplicate charges as a result of

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