From 1 April 2018, the Fulfilment House Due Diligence Scheme is open for online applications.

Businesses in the United Kingdom (UK) that store any goods imported from outside the European Union (EU) that are owned by, or on behalf of, someone established outside the EU, will need to apply for approval by HMRC if those goods are offered for sale in the UK.

The deadline for applications from existing fulfilment businesses falling within the scope of the scheme is 30 June 2018. Businesses that start trading on or after 1 April 2018 need to apply on or before 30 September 2018. There are penalties for late applications.

Businesses that only store or fulfil goods that they own, or only store or fulfil goods that are not imported from outside the EU, are not required to register.

Registered businesses must carry out certain checks and keep records from 1 April 2019. Businesses who meet the criteria of this scheme will not be allowed to trade as a fulfilment business from 1 April 2019 if they do not have approval from HMRC.

Those that do, risk a £10,000 penalty and a criminal conviction. To find out if you need to be registered please see the GOV.UK webpage, Fulfilment House Due Diligence Scheme.  

If you wish to discuss any of this further then please get in touch 0116 2423400 or info@torrwaterfield.co.uk