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Have you applied for the Fulfilment House Due Diligence Scheme ?
FHDDS, HMRC’s new scheme started in April and aims to tackle VAT and customs duty fraud by overseas importers.
The FHDDS affects UK-based businesses that store imported goods on behalf of non-EU customers. You must be approved by HMRC and your application needs to be submitted online to HMRC by 30 June 2018.
Roopal Pujara, Projects team, Customs and Indirect Tax at HMRC reports,
The penalties for late applications start at £500 and escalate to a maximum of £3000. Businesses risk a £10,000 penalty and a criminal conviction if they trade without approval on or after 1 April 2019.
Information on how to register can be found here
Check out HMRC’s guidance on whether you need to apply
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