HM Revenue and Customs (HMRC) has issued a letter to 145,000 UK businesses setting out actions they need to take now to prepare for the “unlikely event of the UK leaving the EU without a deal.” More substantial steps may be...more
12/7/2018
/ Business Entities ,
Cross-Border Transactions ,
Customs ,
EU ,
Exports ,
HMRC ,
Imports ,
No-Deal Brexit ,
Taxation (Cross-border Trade) Act 2018 (TCTA 2018) ,
Transitional Arrangements ,
Transportation Contracts ,
UK ,
UK Brexit ,
Value-Added Tax (VAT) ,
Withdrawal Agreement
The UK government has widened the circumstances in which it may block mergers and takeovers of businesses in the military, dual-use, computing hardware and quantum technology sectors. Further strengthening of the UK rules is...more
6/19/2018
/ Blocked Mergers ,
Dual Use Goods ,
EU ,
EU Merger Directive ,
European Commission ,
Exports ,
Foreign Direct Investment ,
Member State ,
Mergers ,
Military Goods ,
National Security ,
Popular ,
Software ,
Takeovers ,
Technology Sector ,
UK
After Brexit, while the UK is widely expected to remain closely aligned with EU sanctions, one area where the UK could offer a more business-friendly approach is the grant of licences authorising businesses to conduct...more
5/9/2018
/ Blocked Entities ,
Blocked Person ,
ECJU ,
Economic Sanctions ,
EU ,
Exports ,
Financial Transactions ,
General Licenses ,
Member State ,
Office of Financial Sanctions Implementation (OFSI) ,
UK ,
UK Brexit
The annual update of the EU’s list of dual-use items subject to export controls will shortly come into force. The UK will update its open general licences that are affected. Businesses exporting dual-use items should check...more
UK exporters may now use two new Open General Export Licences (OGELs), reducing the administrative burden of exporting a range of military and dual use components, including printed circuit boards....more
Despite the easing of sanctions on Iran on 16 January under the Joint Comprehensive Programme of Action (JCPOA), some prohibitions and licensing requirements continue to apply to EU businesses. These are summarised below,...more
1/19/2016
/ Dual Use Goods ,
EU ,
Exports ,
Imports ,
Iran Sanctions ,
Joint Comprehensive Plan of Action (JCPOA) ,
Licenses ,
Military End Use ,
Military Goods ,
Nuclear Power ,
Procurement Guidelines ,
UN Security Council
The European Commission is revising the list of dual use items subject to EU export, transit and brokering controls. This briefing summarises the main new and deleted entries, primarily concerning machine tools, avionics...more
The EU and Vietnam have concluded the substantive elements of a Free Trade Agreement (FTA), widely-hailed as one of the most ambitious and comprehensive such agreements that the EU has concluded with a developing country....more
8/28/2015
/ ASEAN Funds ,
Customs ,
Duties ,
EU ,
Exports ,
Imports ,
Origin ,
Public Contracts ,
Tariffs ,
Trade Agreements ,
Vietnam
The Export Control Organisation (ECO) has released its latest set of data on export licensing. For the first time, this has been produced to be compliant with the UK Statistics Authority’s code of practice for official...more
The list of military goods, software and technology that are subject to export controls has been revised on 24 March 2015. The changes have been made through the Export Control (Amendment) Order 2015 which replaces Schedule 2...more
The EU adopted amendments to the current EU sanctions against Russia on 4 December 2014. These amendments are implemented via Council Regulation (EU) No 833/2014 (as amended) (“Regulation 833/2014”). They are intended to both...more
The European Union announced its intention to adopt a broad package of trade and economic sanctions against Russia, targeting access to EU capital markets, defence exports, energy related equipment and technology and...more
In the context of an EU-wide review of export licensing for Russia, the UK Foreign Secretary William Hague announced in March 2014 that the UK Government would be suspending (i) all existing export licences and application...more
In response to recent events in Ukraine, the United States and European Union imposed yet another round of sanctions this week. In response, Russia is considering a number of countermeasures that may affect U.S. and EU...more