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Car Shipping and Export News and updates on global changes

  • We would like to inform you about the upcoming implementation of the European Union’s new customs pre- arrival security and safety program, Import Control System 2 (ICS2). This system will replace the current ICS1 regulation and will come into effect on 4th December 2024. Under the new ICS2 requirements, incomplete or inaccurate declarations may result in delays, rejections, or interventions by customs authorities, potentially leading to sanctions on the customers for non-compliance. The...
  • Brexit resulted in several major changes for UK businesses involved in exporting goods. In 2021, any movement of goods outside the UK will be treated as an export.  When exports occur within the specified time limits, they are zero-rated for VAT purposes.Exports are zero-rated for VAT purposes, subject to the export occurring within the specified time limits. This is also only the case if the exporter holds valid documentary evidence as proof of export. Within this context, there are two...
  • UK Car VAT refund scheme plan to solve car import issue The UK Government is introducing a new second-hand motor vehicle export refund scheme, in October. It will allow dealers to claim a refund of VAT if they move a used motor vehicle from Great Britain to Northern Ireland for resale. It will replace the VAT margin scheme, which was introduced last year to avoid pressure on dealer margins and price increases for customers. The UK government has said it intends to introduce a new VAT...
  • CAR scams are reportedly on the rise in the UK. Here are some top tips to avoid falling victim to a vehicle theft in Britain. Motorists (especially overseas buyers), are being warned to be aware of car scams circulating in the UK this summer. There is reportedly an increase in the number of online vehicle scams circulating this summer. My Car Check, which holds comprehensive data on every vehicle on UK roads, has warned buyers about a number of things they should be aware of...
  • Vehicles made and approved in the UK could no longer be sold in the EU if Britain crashes out without a deal, a shock government document admits. EU “type-approval” would no longer be granted to prove the vehicles “comply with safety and environmental standards”, it warned. It was issued just two days after the boss of Jaguar Land Rover attacked Theresa May’s Brexit strategy, warning that that tens of thousands of jobs were being put at risk. Manufacturers would need to...
  • A total of 127,051 cars were assembled at UK motor plants last month That's down from 152,611 in September 2017 Domestic demand for home-built models fell by 19% More concerning was the decline of 16.2% in export demand - with 4 in 5 UK-made cars built for overseas markets  The number of cars being made at British factories plunged 16.8 per cent in September compared to the same time last year, new figures show. The industry body said the decline was the result of new emissions...
  • Exports drive UK car production in first half as industry urges all Brexit negotiators to safeguard frictionless trade UK car manufacturing falls by moderate -3.3% in first half of 2018 to 834,402 units as strong exports bolster disappointing domestic demand. Output for June declines -5.5% as perfect storm of events hits production for the UK, down -47.2%. Exports rise 6.0% in the month, with 113,152 British-built cars destined for global markets – almost 4,000 every day....
  • In 2017, the EU exported EUR 132 billion worth of cars. Imports in that same year amounted to EUR 45 billion, giving the EU a trade surplus of EUR 87 billion (Figure 1). The value of extra-EU exports of cars increased by an average of 5.6 % per year between 2002 and 2017 while imports grew at an average of 5.4 % per year. Figure 1:EU-28 exports, imports and trade balance in cars, 2002-2017 (EUR_billion) Source: Eurostat (online data code: DS-018995) In 2002, the...
  • Britain’s car industry reported record exports in the first 11 months of the year as a combination of the low pound and open access to Europe’s single market boosted sales. UK car exports jumped to 1.25m, the highest ever, after factories put on more shifts and increased overtime to meet the demand for British-made vehicles. The low pound has widely been cited by car makers as a reason for increased demand abroad while others have stressed the need for the UK to maintain zero tariffs...
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