11/12/2019 - More...
AFC Business, the commercial arm of AFC...
Statutory maternity, adoption, paternity, shared parental and sick pay to rise from April 2020
15/01/2020 - More...
According to proposals set out in a...
Tax allowances you can claim for business cars
14/01/2020 - More...
Capital Allowances allow your business...
There are special customs requirements for commercial goods or samples which are imported or exported by passengers in their accompanied baggage (hand carried) or in a small motor vehicle (carrying less than 9 passengers and weight 3.5 tonnes or less). This is known as Merchandise In Baggage or MIB.
MIB goods include the following:
- goods for commercial sale
- spare parts
- trade samples
whether or not they are:
- permanently imported/exported
- temporarily imported/exported
- in transit
- liable to customs charges
HMRC has announced how these rules will be applied in the EU if we have a no-deal Brexit. This will include the introduction of transitional simplified procedures for the import or export of goods valued at below £900 and weighing less than 1,000kg. This simplification will not apply to licensed, controlled, or excise goods. For all other goods a full declaration will be required before the goods enter or leave the UK.