Daily Tax Report: International
June 30, 2020, 9:27 AM
U.K. companies exporting into the European Union will have to wait for permission from tax authorities before they can move their goods under plans being drawn up by the government.
According to a document circulated by Her Majesty’s Revenue and Customs, lorries will only be able to move loads into the EU if they have a valid reference from the so-called Goods Vehicle Movement Service, a new and untested IT platform that is still under development.
Hauliers will need to file the correct customs paperwork electronically in advance in order to get approval. The government plans to bar trucks without…
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