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1224 articles · page 12 of 102

How to Create a GMR (Goods Movement Reference) in GVMS

To create a GMR (goods movement reference), you first register for the Goods Vehicle Movement Service (GVMS) using a GB EORI number . You then sign in and create a reference for each vehicle…

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PSC Meaning: What Is a Person with Significant Control?

PSC stands for person with significant control . A PSC is an individual who owns or controls a UK company, and is often called its beneficial owner . In most cases a person is a PSC if they hold…

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The Loan Charge and the 2026 Settlement Scheme Explained

The loan charge is a one-off income tax charge on disguised remuneration loans made on or after 9 December 2010 that were still outstanding at 5 April 2019 . The outstanding balance was taxed as…

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Tariffs Explained: How UK Import Duty Is Set and Calculated

A tariff is a tax on imported goods. In the UK it is called import duty (or Customs Duty) and is charged under the Taxation (Cross-border Trade) Act 2018 . The standard rates are set by the UK…

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