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HMRC Compliance

What’s New?

Ensuring compliance

The legislative changes to the Union Customs Code (UCC) are as a result of a drive to modernise and harmonise customs procedures throughout the EU. This includes the phasing out of paper declarations meaning all communication between HMRC and traders will, by law, be electronic. Even after Britain leaves the EU, all trade with the EU will require compliance with the new UCC.

Authorised Economic Operator (AEO) status

Because supply chain security is subjected to ever more sophisticated and complex attacks, HMRC expect international traders to have robust processes 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 to ensure the safe passage of goods into and out of the EU.

As experienced AEO consultants, if you’re considering AEO status, give us a call.

Customs valuation

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

HMRC Compliance

Customs authorisations and simplifications

The following customs authorisations and simplifications have either been changed or withdrawn:

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    Inward Processing Drawback (IP (D)) & Low Value Bulking Imports (LVBI) has been withdrawn

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

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    Inward & Outward Processing & End User Reliefs, Customs Warehousing & Temporary Storage for new authorisations requires a mandatory guarantee to cover the Duty & VAT liability.

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.