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Customs declaration service update
09/06/2022
09/06/2022
The Customs Declaration Service (CDS) is a new custom's IT platform that has been designed to modernise the process for completing customs declarations for businesses that import or export goods from the UK. A phased launch of the service started in August 2018. The CDS is used for making import and export declarations when moving goods into and out of the UK.
When the CDS is fully operational, the old Customs Handling of Import and Export Freight (CHIEF) service will be closed. The CHIEF system is over 25 years old and has struggled to cope with complex reporting requirements that could not easily or cost-effectively be accommodated within the existing service.
HMRC has confirmed that ahead of the 31 March 2023 complete closure, services on CHIEF will be withdrawn in two stages:
- 30 September 2022: import declarations close on CHIEF
- 31 March 2023: export declarations close on CHIEF / National Exports System (NES)
The decision to introduce the CDS was system driven to provide a more secure and stable platform and predated Britain’s vote to leave the EU. Importers and exporters should by now be well aware of the CDS system, and they or their agent should be starting to prepare for the further rollout and eventual replacement of the CHIEF system. As the deadline approaches, HMRC is urging businesses to move to the CDS as soon as possible.
Accounts
We specialise in preparing end of year statutory accounts for your business, in line with HM Revenue & Customs legislation:
Sole Traders & Partnerships
Limited Companies
Limited Liability Partnerships
Property Management Companies
Property rental income accounts
Bookkeeping
We can adivise on the best bookkeeping options for your needs and budget, if you would prefer to do the bookkeeping yourself.
There are a number of excellent options including Sage desktop software and market leading online solutions, such as Kashflow & Xero.
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We can set-up and run your payroll scheme or advise on:
Setting up a new payroll system
Day to day payroll processing
Dealing with PAYE and NI deductions
Completing your end of year returns
Holiday & Statutory pay
Stakeholder pensions
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