Business
HM Revenue and Customs (HMRC) has launched an Advance Valuation Ruling Service (AVRS) to give importers legal certainty that their customs duty and VAT estimates are correct.
Traders can apply online for a ruling where HMRC will confirm the method used to calculate the value is correct. It is legally-binding for three years and the trader will use this information to calculate the value of their goods on their import declaration.
The ...
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DSV reported s gross profit down 11% in its first quarter results, while earnings before special items declined by 28% compared to the strong results for the same period last year. The Air & Sea forwarding division reported a 31% decrease in earnings, due to ...
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Parcels carrier Yodel has renewed its partnerships with national charities, Walking With The Wounded (WWTW) and Slave-Free Alliance.
The partnership with WWTW, which is in its third year, provides ongoing support for Armed Forces veterans returning to work in the civilian sector, while the partnership with ...
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Manchester-based shipping integration platform, Shipster has partnered with the Eurora cross-border trade compliance platform. Shipster is using Eurora's AI solutions to automate its clients' global trade and compliance processes including its database of worldwide duty and tax rates.
It says this will help avoid legal issues ...
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UPS says its first quarter consolidated revenues for 2023 were 6% down on Q1 2022, at $22.9 billion.
Internationally, revenue decreased by 6.8%, driven by a 6.2% reduction in average daily volume due to lower domestic volume and softness in China trade lanes.
Consolidated operating profit was ...
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Hapag-Lloyd has completed its acquisition of 40% shareholding in India’s JM Baxi Ports & Logistics , announced in January 2023, from majority shareholder the Kotak family. Terms of the deal were not disclosed.
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Rhenus UK is attributing steady growth in daily services from the UK to Europe in part to the introduction of the French Reverse Charge VAT regulation, which came into force at the start of 2022.
Since 1 January last year, the VAT due on goods coming ...
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Logistics consultant Andy Cliff to run Manchester for Macmillan
Andy Cliff of Cheshire-based Straightforward Consultancy Ltd (SCL) is raising money for Macmillan Cancer Support by taking part in the Great Manchester Run on 21 May.
He says: “Having undergone treatment for skin cancer on two separate occasions, ...
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The International Federation of Freight Forwarders Associations (FIATA) and the Global Shippers Forum (GSF) are calling for better data protection and confidentiality in digital trading and booking systems.
On 19 April, they issued a joint Charter for Protection and Governance of Data in International Trade, setting ...
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The CMA CGM Group says it has entered into exclusive negotiations to acquire the transportation and logistics activities of fellow French group Bolloré.
It says the move is in line with its long-term strategy, based on the two pillars of shipping and logistics and to offer ...
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