At Budget 2016, the government announced that it would introduce the Fulfilment House Due Diligence Scheme from April 2018. The scheme applies to businesses that store any goods imported from outside the European Union (EU) for or on behalf of someone outside the EU.
Following a public consultation in summer 2016, primary legislation introducing the scheme was part of the Finance (No. 2) Act 2017.
To complete the legislative framework for the scheme, a statutory instrument is required.
The Fulfilment Businesses Regulations 2018 set out in detail the application process, obligations of third country goods fulfilment businesses and penalties.
This is of interest to businesses in the warehousing, storage, fulfilment, imported goods and transport sectors, as well as those involved in e-commerce.
This tax information and impact note is being published with the regulations following the outcome to the consultation on The (draft) Fulfilment Businesses (Approval Scheme) Regulations 2018.