The European Union will be introducing a new self-assessment form for those applying for AEO status. This is in response to the fact that different Member States were taking the EU's model self-assessment form and changing the format and the content. The new form will be published by HMRC in July.
Mutual recognition with Japan
A mutual recognition agreement has been made between the EC and Japan and significant progress is being made on mutual recognition agreements with the USA and China. The agreement with Japan is the first recognition agreement entered into by the EU outside of Europe. The benefits for businesses include:
• Taking AEOF and AEOS status into account in customs risk assessment to reduce inspections or controls • Establishing a joint business continuity scheme to respond to disruptions in trade flows due to increases in security alerts, border closures and/or natural disasters.
It is envisaged that there will be a system for data exchange of AEO's between the customs authorities of the EC Member States and Japan although the date for implementation is yet to be agreed. HMRC will be contacting all UK AEO holders (AEOF or AEOS) for their agreement to release the required data to the Japanese authorities.
Next Steps
If you are thinking of applying for AEO or would like to discuss any other customs-related matter please contact us on (01905) 619229 or email us at:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
and our team of customs specialists will be only too pleased to assist you.
"Rob has provided customs advice on many occasions,always demonstrating deep knowledge of his subject tohelp the business mitigate its duty liabilities."
Stuart Reid, Financial Director Komatsu UK
"ITSs broad knowledge of Customs has proved invaluable"
D. Widdowson, Director of Financial Accounting Croda Chemicals Europe Ltd
"ITS helped us to reach a successful conclusion when HMCustoms tried to reject our proposed changes by usingtechnicalities."
D. Suddens, Finance Manager Blanc Aero Industries UK Ltd
"Rob explains clearly, and gets on with people. He isvery constructive and pragmatic. His loyalty to thereds is admirable, if misguided. One of my favouriteScousers!"
Nick Mallett, Partner DHM Stallard
"I have worked with Rob on sticky HMRC issues. As wellas direct assistance, Rob has provided excellenttraining for operational staff. I recommend ITS."
G. Mitchell, Senior Operations Manager EPSON
"ITSs experience and knowledge has ensured projectswere completed with a favorable result."
K R Maddison, Financial Controller Bard Limited
"ITS have highlighted significant cost savingopportunities."
CW Winter, Financial Controller Special Metals Wiggin Ltd.
