Comment / Comment: bonded warehouses a way around Brexit red tape, but do your sums

first_img Our exit from the European Union and the Covid pandemic have fuelled a surge in demand for warehouse space among retailers and logistics providers. More and more importers are considering bonded or customs warehousing as a solution to the extra duties and red tape thrown up by Brexit.Bonded warehousing allows you to delay paying customs charges and VAT on goods imported from outside the EU until they are removed and sold. This offers significant cashflow benefits to businesses and owners who can avoid the double duty on goods that are imported into the UK and then exported to non-EU countries.My word is my bondBut firms need to be sure they are working with warehousing and logistics partners who understand the rules and regulations governing these duty-free zones. And logistics firms expanding into bonded warehousing for the first time to meet growing demand need a clear understanding of their reporting and compliance obligations.You have to fulfil certain requirements when applying to HMRC for a licence to operate a customs warehouse, such as having have an economic operators registration and identification (EORI) number. You’ll also need to have a good customs compliance record and demonstrate you have a real business need for your bonded warehouse.Bear in mind that you will also have to provide a financial guarantee to cover potential import duty and VAT liabilities. It takes about eight weeks to process an application, so it’s advisable to plan well in advance.Do your sumsIt’s essential that you work out whether the amount of duty you are likely to save with a bonded warehouse justifies the investment in time and money. Also, ask yourself whether you have the necessary infrastructure to operate such a facility.If you’re a logistics operator, you’ll need to satisfy potential clients that you have a robust IT system in place for tracking goods going in and out. This means being able to provide a clear audit trail to demonstrate your compliance with HMRC’s stringent reporting requirements.Handle with careRemember that goods stored in bonded warehouses are subject to strict rules and regular checks from customs officials. These govern what type of products can be stored and what you can and can’t do with them.Bonded goods can only be handled in certain ways: to preserve them in storage, improve their presentation and to prepare them for distribution or resale.Operating a customs warehouse certainly offers attractive benefits to both importers and the third-party logistics providers who operate them. But there are both costs and time-consuming reporting requirements that need to be considered before opening such a facility.Ultimately, importers need to be confident that they are working with logistics partners who really understand the rules and regulations governing bonded warehouses.This is a guest post by Arne Mielken, a leading global trade expert in the UK and the EU and founder of customs and training consultancy Customs Manager. Arne supports businesses to reach their international customers faster, by cutting costs, red tape and paperwork. He assists and trains companies to de-risk their supply chain and stay compliant, enabling them to grow globally. For more information visit By Arne Mielken 04/06/2021 Photo 189862214 / Cargo © Vladimir Grigorev | Dreamstime.comlast_img read more

Local businesses embrace plastic free future

first_imgLocal businesses embrace plastic free future More businesses are taking up the challenge to ditch plastic with the help of Plastic Free CQ, a program supported by Rockhampton Regional Council made available free of charge to any food retailer in the Region.Councillor for Waste and Recycling Shane Latcham said it was fantastic to see Café Bliss get on board as the program’s newest member.“I really want to congratulate this café, as well as the other businesses in our region which have shown initiative by signing up for this program,” Cr Latcham said.“With new State Government legislation coming in to effect on 1 September banning a number of items, as well as increasingly waste aware customers who expect more environmental options, these businesses can see that we’ve reached the last straw when it comes to single use plastics.“I’m sure that there are many more business owners out there who have it on their ‘to do’ list to start making changes, but are simply run off their feet by the day to day bustle.“That’s why we’re thrilled to be supporting the Plastic Free CQ program.“The program is free for food retailers, and designed to provide the assistance and guidance needed to help make the transition away from single use plastics as simple as possible.Plastic Free CQ Coordinator Jo Stoyel said the initiative is part of the national Plastic Free Places program run by the Boomerang Alliance, Australia’s peak not-for-profit waste organisation.“Our program is designed to make it easy for local food retailers to become compliant with the single-use plastic ban that’s coming in,” said Ms Stoyel.“Plastic straws, stirrers, cutlery, plates and bowls and expanded polystyrene (foam) cups and containers will all be banned this year.“We work directly with businesses, looking at what they’re using and showing them what alternatives are available to them. We can also help them reduce costs associated with switching and offer free promotion.“This is a tried and true program that we have rolled out in eight communities across Australia. We have helped businesses in these communities eliminate over 8 million pieces of single-use plastic.”Water and Environmental Sustainability Councillor Donna Kirkland said that with so many sustainable alternatives available, reducing single use plastics is becoming easier.“Through our Living Sustainably program, we have been sharing hints and tips to help individuals and households make the switch to more sustainable options,” Cr Kirkland said.“Plastic Free CQ is a fantastic program full of information to help local food businesses, and with the ban coming into effect in just a few months’ time, I would urge those business owners to reach out and make the most of the program.”Tanja Irwin from Café Bliss said the Plastic Free CQ program has been very helpful so far.“We’re all quite conscious of the need to reduce plastic waste, but still there’s a lot to look at,” said Ms Irwin.“It’s also hard to know which alternative products are good quality and actually better for the environment, it’s a lot of research to get through on your own.“This program has made the transition a lot easier – Jo has a lot of great suggestions and she’s really helping us to find the products that will work for us.”Businesses in the Rockhampton Region can join Plastic Free CQ by heading to /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, business, council, Effect, environment, Government, legislation, local council, quality, recycling, research, Rockhampton, Rockhampton Regional Council, Single Use Plastic, sustainability, sustainable, the Rocklast_img read more

Hundreds Attend Funeral For Garrard Paramedic

first_img“I think today he’s gotten the honor he deserved. He’s a wonderful man with a heart that will never be captured again I don’t think,” said Hall’s mother-in-law, Gail Bond. “He was like a brother to us all,” said Hall’s partner Justin Berman. Click here to view the video. Hall was returning home from a call when a car accident claimed his life. His EMS director says he was essentially killed in the line of duty. “The best person you’d ever meet in your life. He was truly, truly a friend,” said Bergman. More than 200 people, including EMT’s, firefighters and police officers, attended the paramedic’s funeral in Mt. Vernon. Many came from different places, but most said they’ve all lost a member of their family. The 35-year-old Hall had been a paramedic for four years. He served in Garrard County less than 2. One by one, they walked into Rockcastle County High School. “I’ve always called Chris Hall and Justin Bergman my boys, so I’ve lost a son,” said Jay Manley with Garrard EMS. Many were taken back by the service. They said goodbye, but most agree the service was a celebration of Chris Hall’s life. “It’s a brotherhood. It shows here today,” said Bergman.last_img read more

Why Hostility Can Bring People Closer Together

first_imgFrom family feuds to corporate conflicts, when people find themselves in difficult disputes, they often turn to mediation. Manuals on effective mediation suggests that a mediator should listen attentively to each person involved and express empathy with their viewpoints, no matter how different from one another they are. Mediators are advised to avoid appearing to favor the ideas of one side, and to make each person involved feel at ease and confident that they are being understood. Establishing this rapport is a commonly espoused “best practice” for gaining trust and facilitating conflict resolution. Indeed, surveys of professional mediators confirm that they commonly adopt these recommended tactics.Surprisingly, however, new research that my colleagues and I conducted suggests that, to effectively help people resolve their conflicts, mediators should adopt a hostile attitude rather than a calming one. A hostile mediator, we find, induces better results than a nice one. Read the whole story: Scientific American More of our Members in the Media >last_img read more

Commonwealth countries urged to collaborate

LocalNews Commonwealth countries urged to collaborate by: – March 10, 2014 Sharing is caring! 71 Views   no discussions Tweet Share Share Share Commonwealth Countries have been told that greater collaboration between member states is needed for the achievement of shared goals and values.Dominica is among seventy countries across the globe observing Commonwealth Day today, Monday March 10, 2014, under the theme ‘Team Commonwealth’.An Ecumenical Service to commemorate the Day was held at the Arawak House of Culture in Roseau, which President Charles Savarin and Mrs. Savarin, including acting prime minister Rayburn Blackmore, government officials, Speaker of the House of Assembly Alix Boyd Knights, primary and secondary school students attended.The Queen’s Message delivered by President Charles Savarin highlighted the need for Commonwealth nations to unite in keeping with this year’s theme.The Queen, who is head of the Commonwealth, described the family of nations as a “powerful influence of good for the future”.“Affinities of history and inheritance from the past are strong, yet we are bound together by a sense that the Commonwealth is a powerful influence of good for the future”.Students at Monday’s Ecumenical Service to mark Commonwealth Day.“People of all ages from different cultures are weaving an ever-growing network of links which connect us in our diversity and our common purpose. It is this unity that is expressed in this year’s theme: Team Commonwealth”.The Queen added that experiences of life differ widely throughout the Commonwealth evident through members’ contributions “from sometimes very different viewpoints”.“But we are committed to the same goals. Together we offer each other encouragement and draw strength from this mutual support,” she said.Meanwhile, Speaker of the House of Assembly Alix Boyd Knights is hopeful that this year’s theme “Team Commonwealth” will induce citizens to unite.“We hardly use teamwork in our development anymore; we have now become an ‘I’ society isolated by choice,” she said.The commonwealth team is an extra ordinary one where 53 different countries have united to share values, experiences, best practices with one common goal in mind to improve the lives of the people and to develop our countries.This Boyd-Knights said “enables them to work together, to help each other create and maintain just and peaceful societies and achieve sustainable an inclusive society and social progress”.His Excellency, President Charles Savarin delivering The Queen’s message on Monday morning.Moreover, Monsignor Eustace Thomas, noted that team work is essential to the modern Commonwealth, “it is what will give its members a competitive advantage”.According to Fr. Thomas, Team Commonwealth inspires governments, institutions and people of the Commonwealth “individually as well as selectively, to strive with greater efforts to claim the practical advantages and common good that are emerging from a reinvigorated Commonwealth network.The Commonwealth Games which is held each year will be staged in Glasgow this summer, while the Queen’s baton is making its way around the globe through 70 nations before returning to Scotland.Dominica Vibes News read more

Marshfield freshmen football loses at Ben Franklin

first_imgHunter Hanson scores Tigers’ only touchdownBy Paul LeckerSports ReporterMARSHFIELD — The Marshfield freshmen football team dropped a 14-7 decision to Stevens Point Ben Franklin on Thursday at Marshfield High School.Hunter Hanson scored the Tigers’ lone touchdown on a 12-yard run, and Ryan Krueger added the extra point kick.Nolan Hertel, D.J. Zimmermann, and Sam Mitchell led the Marshfield defense in tackles, and Riley Boushack and Mason Coffren had fumble recoveries for the Tigers.The Marshfield freshmen play at Wausau West on Sept. 10.(Hub City Times Sports Reporter Paul Lecker is also the publisher of read more

South Africans ‘must start saving’

first_img27 July 2006South Africans, caught up in a tendency to “borrow to spend”, have been warned to start saving and to prepare to pay more for interest on their debts as well as for general goods and services.The warning comes from analysts after the latest consumer inflation figures were released on Wednesday – showing inflation up from 3.9% in May to 4.9% in June – and ahead of next week’s meeting of the Reserve Bank’s Monetary Policy Committee.Adjusted fuel prices are also expected to be released on Friday, with a likely increase, prompted by higher international oil prices, set to add to the pressure on South African consumers.Expect another rate hikeThe Reserve Bank’s Monetary Policy Committee sets the repo rate – the rate at which the Bank lends money to the country’s commercial banks. When the MPC hiked the repo rate by 50 basis points to 7.5% in June, continued high consumer spending was one of the main reasons cited.University of South Africa economist Philip Mohr told BuaNews that another interest rate hike was “highly likely”, but that people should not over-react to this.“A few months ago analysts were saying there would be none this year, but now they are predicting hikes all the way following the pressures on emerging markets and the devaluing rand,” Mohr said.“It is not inconceivable that the rand could in fact increase in value again this year.”The Reserve Bank highlighted this pressure on emerging markets in its quarterly report in June, saying investors had lost some of their appetite for exposure to emerging markets in the second quarter, resulting in the depreciation of a number of emerging market currencies, including the rand.‘Borrowing to spend’ the problemMohr also said it was not South Africans’ supposed lack of a savings culture, but their tendency to “borrow to spend”, that threatened the country’s economic growth rate.“There is a misconception about the effect of savings on economic growth,” Mohr said. “Some of the world’s fastest growing economies have a huge current account deficit, such as the United States for example.”The real problem, Mohr said, was that South Africans were “borrowing to spend”, which had a much more negative effect on economic growth than a straightforward failure to save.“When people borrow to spend, it basically amounts to dis-saving. This increased spending exerts an upward pressure on prices and of course leads to people having to pay more for their goods.”South Africans were in fact saving through a number of schemes, such as contractual savings in the form of pension funds, Mohr said. Many in this group, however, were also borrowing to save.“This translates to a net position were they aren’t saving at all but in real terms the money is there, secured in the contractual savings.”Source: BuaNewslast_img read more

Vicito News: Personalized News Aggregation Via IM

first_img8 Best WordPress Hosting Solutions on the Market Top Reasons to Go With Managed WordPress Hosting josh catone 1 Why Tech Companies Need Simpler Terms of Servic… Tags:#Product Reviews#web center_img A Web Developer’s New Best Friend is the AI Wai… Related Posts Vicito News is a new personalized news aggregation service that operates over instant messenger using an IM robot. The service currently works with AIM, Google Talk, and Windows Live Messenger. Vicito is something akin to Google News alerts for IM — you tell the service what to watch for, and it updates you at preset intervals via instant messenger when it finds new news matching your query.Vicito would fall under the single stream aggregation category of news aggregators, in that it combines news from multiple sources about a specific topic into a single stream. You set up Vicito entirely through IM by telling the bot what keywords you want to track, how many stories you want maximum per update, and how frequently you want updates.I told Vicito to track stories related to “baseball” and this afternoon I compared the results to those from SportsSpyder’s MLB page. Not surprisingly, they were both dominated by news about the trade of Johan Santana — baseball’s top pitcher — to the New York Mets. Somewhat surprisingly, though, I actually found Vicito’s news to be more varied. Beyond Satana I was getting stories about Roger Clemens visits the Astros training camp, pitcher Andy Pettitte, and Major Leaue Baseball’s umpire background check policy that were nowhere to be found amid the Santana noise (or were buried) on SportsSpyder.Tracking “yankees” news on Vicito.A lot of that might have to do with the source list. Vocito right now is drawing from 750 large and mainstream news sources that cover the gamut in terms of topic. SportsSpyder, on the other hand, is drawing from specialized sources that deal exclusively with baseball — so certainly the overlap and number of reporters covering the same big story will be greater.But the experience does highlight one major problem with single stream aggregators like these: there is a lot repetition. Because Vicito is just posting a river of news that matches your search query, you end up getting the same story from multiple source. Unlike with meme-style aggregators like Google News or Techmeme (or perhaps, more on topic, Ballbug), which group similar stories, Vicito’s stream loses some appeal once you’ve seen the same story 5 times.Nat Burke, founder of Vicito, is aware that eventually some sort of filtering will be necessary. “As we continue to grow our source volume, having something to weed out the noise will become essential,” he told me. “What eventual form that takes is up in the air at this point.”Even with the noise problem, though, Vicito remains a useful service for getting breaking, topically filtered, news updates over IM. If instant messenger is your preferred method of communication, then you might find some utility in Vicito. Vicito is free to use, with a premium for-pay package that ups the limit on the number of news stories you can receive per update and how often.last_img read more

eBay Lays Groundwork for Skype IPO in 2010

first_imgOnline auction giant eBay, rumored to be shopping around for a buyer for its 2005 acquisition of voice-over-IP phone service Skype, announced in a press release today that it has now decided to prep the ground for a 2010 Skype IPO launch. The announcement also says that this is one of several outcomes considered for Skype when eBay president John Donahoe became CEO early in 2008. We have recently covered eBay’s troubled coexistence with Skype, noting that the two businesses didn’t share very much common ground, with codebase integration lagging and other troubles as well. So the question was not so much if a spin-off or sell-off would happen, but when. And for now, it looks like that time is early next year. The fact that eBay and Skype make strange bedfellows does not mean Skype doesn’t have a business model. On the contrary, the business generated revenues of $551 million in 2008, which is a 44% increase year-over-year and represents a 21% profit margin for them. The press releases also states a projected revenue of $1 billion in 2011, twice as much as in 2008.With promising sales, high adoption rates and an openness to new platforms such as their iPhone app, its not hard to think that Skype will have a booming IPO, and will remove the albatross status from eBay, which can return to its core strengths of online payments and e-commerce. 8 Best WordPress Hosting Solutions on the Market Tags:#news#web Why Tech Companies Need Simpler Terms of Servic… A Web Developer’s New Best Friend is the AI Wai…center_img phil glockner Top Reasons to Go With Managed WordPress Hosting Related Posts last_img read more