News story: Getting ready for the Customs Declaration Service

first_imgCDS will offer several new and existing services in one place – for example, traders will be able to view previous import and export data on pre-defined reports, check the tariff, apply for new authorisations and simplifications, and check their duty deferment statement online help will include self-service tools, guides and checklists process declarations for goods entering and leaving the UK or EU through ports and airports calculate and pay the correct duty and taxes complete customs information electronically Some additional information will be required for declarations in order to align with the World Customs Organisation Kyoto Convention, currently being implemented in the UK through the Union Customs Code (UCC): They will still be able to do these things on CDS, but there will be differences: CDS will be accessed on GOV.UK using a Government Gateway account – if traders use a customs declaration software package, they will need to follow the instructions and documentation from their supplier To align UK customs data with international standards, there will also be changes to:center_img location of goods identification (based on UNLOCODE) the warehouse type code list item tax lines, including method of payment codes unit of quantity codes (ISO) the way customs procedures are quoted the number of items on a declaration – CDS will allow a maximum of 999 items on a customs declaration instead of the current 99 items on CHIEF This news story has been withdrawn from publication because it is more than 2 years old – find up-to-date information and guidance on the Customs Declaration Service.,HM Revenue and Customs (HMRC) will begin a phased launch of the Customs Declaration Service (CDS) in August 2018. CDS will replace the existing Customs Handling of Import and Export Freight (CHIEF) system, with all declarations taking place on CDS from early 2019.CHIEF currently processes declarations to facilitate the international movement of goods between the UK and non-EU countries. CHIEF will continue to run for a time to aid the transition to CDS.Why CDS is replacing CHIEFCHIEF is one of the world’s largest and most sophisticated electronic services for managing customs declaration processes, but it’s nearly 25 years old and can’t be easily adapted to new requirements.The decision to replace CHIEF with CDS was made before the EU referendum, however CDS will be scaled to handle any potential increases in the volume of declarations that may result from the UK’s exit from the EU.How this will affect importers and exportersIf a trader imports or exports goods outside the EU, they or their agent will be currently using CHIEF to: an audit trail of previous document IDs additional party types, such as the buyer and seller possible additional commercial references or tracking numbers levelling – change between ‘Header’ and ‘Item’ for some data items Alerting importers and exporters about using CDSHMRC is currently building and testing CDS with industry, software providers and Community System Providers (CSPs). CSPs operate computerised inventory systems that control the physical movement of import and export freight at UK ports and airports.CDS will be phased in between August and early 2019, with CHIEF continuing to run during this time to aid the transition. Importers, exporters or their agents will be informed by their software provider when they need to provide the additional information in order to start making declarations on CDS.To keep informed about CDS, please register for the HMRC Business Help and Education email service, where CDS updates will be under the education topic ‘trading with other countries’.The updates will provide regular information on CDS and any preparations you may need to make ahead of CDS going live.There will also be regular updates about CDS on GOV.UK and through trade associations.last_img read more

Smarkets lists second on The Sunday Times ‘Tech Track 100’ index

first_img Share Submit StumbleUpon The Sunday Times has ranked online betting exchange Smarkets as the second fastest growing UK private technology enterprise for its ‘2017 Tech Track 100’ index.The company which reported a 280% annual sales rise over three years was beaten to the top of the Sunday Times tech index by children’s ‘digital personalised book publisher Wonderbly.Led by CEO and Founder Jason Trost, the Smarkets exchange platform which has bridged financial trading dynamics with sports betting, has hit £5 billion in wagers with a reported £25 million in group revenues for full-year 2016.The fast growth trajectory of Smarkets (officially founded in 2008), has seen the company recognised as one of the UK’s brightest technology prospects. In 2016, The Sunday Times ranked Smakerts fifth in its Tech Track 100 index, furthermore, the betting exchange has been recognised by global tech publisher Wired as one of Europe’s ‘100 Hottest Start-ups’.Speaking to the media a pleased Jason Trost, Smarkets CEO, commented on the recognition: “The Tech Track 100 is a prestigious ranking of rapidly-growing tech companies, so it’s great to see our name so high up and above last year’s position.“2016 was another great year of growth for us as we pursue our goal of disrupting the betting industry with a tech-first focus.” Sharelast_img read more

UNC puts entire women’s basketball coaching staff on leave during investigation

first_imgNorth Carolina has placed longtime women’s basketball coach Sylvia Hatchell and her entire staff on paid administrative leave while it conducts a “review” of the program. UNC said in a release Monday afternoon that the probe was initiated “due to issues raised by student-athletes and others” but the announcement did not offer any more specifics.  Hatchell is fifth on the all-time wins list with a career record of 1,023-405 in 44 seasons overall and was inducted into the Basketball Hall of Fame in 2013. North Carolina was a No. 9 seed in this year’s NCAA Tournament and lost 92-72 to No. 8 seed Cal in the first round, giving the Tar Heels an 18-15 record this season. UNC just announced the women’s basketball staff is on administrative leave during an internal review.— Brant Wilkerson-New (@BrantGNR) April 1, 2019Lawyers from the Charlotte office of Parker Poe Adams & Bernstein will “conduct the review and assess the culture of the women’s basketball program and the experience of our student-athletes,” the university said, adding: “While we do not know the exact timetable, the review will be thorough and prompt.”Hatchell released a statement saying she would “fully cooperate” with the review. “I’ve had the privilege of coaching more than 200 young women during my 44 years in basketball,” Hatchell said, via the Daily Tar Heel. “My goal has always been to help them become the very best people they can be, on the basketball court and in life. I love each and every one of the players I’ve coached and would do anything to encourage and support them. They are like family to me. I love them all. Of course, I will cooperate fully in this review. I look forward to a prompt conclusion of this matter and the continuation of our very successful women’s basketball program.”The announcement comes less than a week after Georgia Tech fired MaChelle Joseph following a probe into allegations that the coach had mistreated players and staff. Joseph had been placed on leave Feb. 27 while a law firm investigated the complaints. Joseph has disputed the report’s findings. Hatchell, 67, has led the Tar Heels program since 1986. She won the national championship in 1994 and has made two more Final Four appearances since then. She won NAIA and AIAW national championships at Francis Marion in Florence, South Carolina, before moving to Chapel Hill. last_img read more