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Revenue and Customs Brief 15 (2020)

Mon. 5 Oct 2020
VAT – Conclusion of review of Import VAT deducted as input tax by non-owners.

Driver Safety & Freight Security

Wed. 30 Sep 2020
BIFA supports NaVCIS (The National Vehicle Crime Intelligence Service) which is a national police unit that works to protect communities in the UK from vehicle finance crime and associated serious and organised crime.

Shippers face ‘transformation of rate conditions in container shipping’

Wed. 30 Sep 2020
Greater competitive concentration among ocean freight carriers combined with tighter capacity management discipline mean the recent exceptional freight rate levels on the transpacific could signal a sea-change in contract rate pricing.

Insufficient capacity dampens air cargo in August

Tue. 29 Sep 2020
The International Air Transport Association (IATA) released data for global air freight markets in August showing that improvement remains slow amid insufficient capacity. Demand moved slightly in a positive direction month-on-month; however, levels remain depressed compared to 2019. Improvement continues at a slower pace than some of the traditional leading indicators would suggest. This is due to the capacity constraint from the loss of available belly cargo space as passenger aircraft remain parked.

Air freight prices stabilise 65% higher than last year

Tue. 29 Sep 2020
According to a report by WorldACD Market Data, IATA average worldwide air freight prices have remained broadly stable in the last 10-12 weeks.

More than three-quarters of business want UK/EU agreement

Tue. 29 Sep 2020
With the final round of Brexit negotiations starting tomorrow (Monday), more than three-quarters of businesses (77%) say they want a deal to be agreed. Only 4% say they prefer a no deal scenario.

Support service for Northern Ireland trade goes live

Mon. 28 Sep 2020
The new Trader Support Service (TSS) is now live for business, providing education and guidance for traders moving goods under the Northern Ireland Protocol, including between Great Britain and Northern Ireland.

Guidance on passport validity periods

Mon. 28 Sep 2020
Until 31 December 2020, people can continue to travel to Europe with your UK passport until it expires. New rules will come into effect for travel to Europe from 1 January 2021.

London Heathrow - Essential Southern Perimeter Road Works

Mon. 28 Sep 2020
Monday, 28th September, BIFA notified of roadworks on the Southern Perimeter Road.

COVID-compliance now a legal obligation

Fri. 25 Sep 2020
COVID-compliance is now a legal obligation with possible fines of up to £10,000.

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