KTLUK

  As 2024 looms, what should your organisation be doing to optimise its supply chain?  Over the last few years, businesses and organisations of seemingly all types and sizes have had to get accustomed to ever-increasing talk of supply-chain friction, and the need to loosen that friction to ensure continued smooth operations.  Since the onset of the 2020s, the COVID-19 pandemic has certainly had much to do with that situation. The crisis brought about port congestion and staffing shortages, with these effects serving to imperil some organisations that depended on uninterrupted supply chains.  Yes, we’re now into the concluding stages of 2023, and the coronavirus crisis is not at the forefront of the news headlines in the manner that it once was. But a variety of geopolitical tensions around the globe certainly have been on the agenda lately, introducing fresh challenges even as many companies have sought to recover from the pandemic.  3 things your firm...

  So the panic is setting in, it’s only a few weeks until Christmas and you’re stumped on what to get the foodie in your life.  There’s only so many hot sauces, spice kits and cheese hampers one person can take - and nobody wants a duplicate gift!  What if we told you there’s a new gadget on the market, specifically designed to impress the home chef in your life.  You may have heard of wood chip smokers, or even stumbled onto this article because you’re researching which wood smoker to choose for your loved one. Wood chip smokers are great, and they have been the staple of many households for years, allowing you to add a smoky flavour to everything your heart desires! But if you have used one before, you’ll also know with how fiddly they are. Everybody wants the smoked results without fumbling around with wood chips and flames, and don’t even get us started on the smoky residue that gets left behind on glassware and plates! Nobody wants to be scrubbing dishes...

  The term “bonded warehouse” can be a source of confusion for some; it refers to a secure space in which goods liable to import duty and VAT can be stored. Advantageously for those making use of bonded warehousing services , there isn’t a need to actually pay customs duty and VAT until the given items are sold or taken out of the warehouse.  The “bonded” element of the expression “bonded warehouse” refers to the warehouse in question being “under bond” to the Government for the payment of customs duties or VAT on goods stored or processed within the facility.  Bonded warehouses in the UK are secure warehousing premises that comply with HM Revenue & Customs (HMRC)’s customs warehousing regulations. Such a facility is approved to store goods under bond on an importer’s behalf, thereby allowing companies that import goods from another country into the UK, to store them without having to pay customs duty.  The point at which customs duty does become payable ...