On 14th February 2023 ECJU issued Notice to Exporters (NTE) 2023/03, announcing that during November and December 2022, HM Revenue and Customs (HMRC) issued compound settlement offers to 4 UK exporters totalling over £3.6 million (ranging from £1000 to £1.84 million).
The full NTE may be found at: https://www.gov.uk/government/publications/notice-to-exporters-202303-compound-settlements-issued-for-unlicensed-exports/nte-202303-uk-exporters-issued-compound-settlements-totalling-over-36-milion-for-unlicensed-strategic-exports
Comment: This may be viewed as an indication that a previous compound in the millions was not an aberration and that significantly higher penalties may in the future be quite common.
