What Is Due Diligence and How Does It Affect Customs Representation duediligence

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In today's video, we’ll dive into the importance of due diligence and customs representation for your business. Understanding due diligence is vital when entering business relationships, especially when navigating customs procedures. We’ll explain the two types of customs representation – Direct and Indirect – and why ensuring accurate declarations is crucial for avoiding customs debt and penalties. • We’ll also cover the key checks you should perform, including verifying VAT and EORI numbers, using the Companies House checker, and maintaining thorough records. Protect your business from supply chain fraud by following these essential steps. • For more information, visit GOV.UK and search for 'due diligence when making customs declarations.' Have questions? Get in touch with Naseems Accountants today! • • #duediligence

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