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HMRC Compliance

What’s New?

Modernising & Harmonising

The legislative changes are as a result of a drive to modernise & harmonise customs procedures throughout the EU. This includes the phasing out of paper declarations between now and 2019 when all communication between HMRC and traders will, by law, need to be electronic.

Supply Chain Security (AEO)

Supply chain security is subjected to ever more sophisticated and increasingly complex attacks & breaches. HMRC expect international traders to have sufficient processes and procedures in place to identify, control and address these risks. AEO is the standard against which HMRC will benchmark companies to check there are adequate controls in place to ensure the safe passage of goods into and out of the EU.

Customs Valuation

For Valuation purposes Earlier Sale/First Sale relief will no longer be permitted & there are new rules as to whether or not royalties will form part of the customs valuation.

HMRC Compliance

Customs authorisations & Simplifications

The following customs authorisations/simplifications will either change or be withdrawn:

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    Inward Processing Drawback (IP (D)) & Low Value Bulking Imports (LVBI) will be withdrawn

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    The removal of the €10 waiver of customs duty i.e. no de-minimis exemption will apply so no matter how small the debt will be payable

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    Inward & Outward Processing & End User Reliefs, Customs Warehousing & Temporary storage will for new authorisations require a mandatory guarantee to cover the Duty & VAT liability. All traders with current authorisations will have to be re-assessed by 30th April 2019.

We can help

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    Update your procedures to AEO standard so you can benefit from a guarantee waiver or reduction

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    Complete & submit HMRC application forms on your behalf

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    Ensure that the valuation declared on import complies with the new legislation

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    Work with you to prepare you for re-assessment

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    Work with IT on EDI development and system integration.

Our services

Compliance Risk
Report

This is a report based on the completion of a questionnaire. It will identify activities or processes in your international supply chain which are at risk of unwelcome HMRC scrutiny or intervention. The report will rank any issues so that you can target your resources effectively.

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    A report including a in depth SWOT analysis

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    Identify risks that would benefit from compliance improvements

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    Identify improvements that can deliver potential cost savings

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Compliance
Audit

This is a much more in depth supply chain audit report which delivers a comprehensive Duty Management Strategy. Using our experience we will outline solutions which, if followed, will ensure the business meets the requirements laid out by HMRC customs.

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    Define, write and deliver against the agreed business case

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    Assist with the submission of relevant HMRC forms

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    Guide, educate and embed knowledge in the business

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Process Mapping &
Procedure Writing

We will use structured process mapping techniques to clearly show the flow of your businesses activities and flow of decision making. We will map the supply chain to ensure you delivery all the elements required to deliver the selected Duty Management Strategy.

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    Supply chain process maps & Procedures

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    Recommend procedural changes & improvements

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    Compliant written procedures tailored to meet your requirements

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Project
Management

We will project manage the steps required to deliver a robust Duty Management Strategy ensuring that the best data management and electronic solutions are embedded into the business so that we optimise and future proof your interaction with HMRC.

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    Define, write and deliver against the agreed business case

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    Assist with the submission of relevant HMRC forms

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    Guide, educate and embed knowledge in the business

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