Understanding Customs Regulations
Customs regulations cover all aspects of the import and export process. They can be notoriously complex and hard to navigate.
In the UK, HMRC determines the rules every importer and exporter must follow. These include goods classification, controlled exports, duty payments, VAT, safety and security declarations, product regulation and marketing rules and the records required for a customs audit.
If you breach customs compliance laws, HMRC can impose financial penalties, suspend trade activity and/or pursue criminal charges.