On 7 August, VAT Live reported that the UK has launched the Trader Support Service for businesses moving goods from Northern Ireland to the rest of the UK (aka Great Britain). This will help produce much of the paperwork required after 31 December. However, the article points out that the UK information only covers one side of the border – EU controls are still to be clarified. The Trader Support Service (TSS) will be a complete custom import and safety and security declarations online portal. The article then goes on to provide the latest details of customs requirements on goods movements between GB and Northern Ireland, and vice versa.
Day: August 8, 2020
UNEXPLAINED WEALTH ORDERS, EXPLAINED: THE UK REGIME AND CONSIDERATIONS FOR THE US
On 8 August, the Program on Corporate Compliance and Enforcement at the New York University School of Law published a post (Part 2 of a 3-part series – Part 1 had discussed the history of UWO) which explained that the self-incrimination concern presented by UWO is just one of many reasons it considers that this investigative tool is unlikely to be adopted in the US. On the other hand, it argues, the US example of targeted increases in transparency around real estate transactions might give the UK authorities food for thought. It cites investigative tools such as Geographic Targeting Orders (GTO), used to address money laundering through high-end real estate — which it says is one of the very issues that drove the UK to adopt UWO.
raytodd.blog 