The Modernised Customs Code (MCC) was adopted in April 2008 to bring the EC’s Customs Code and practices up-to-speed and in-line with modern trends and developments in international trade. We are still awaiting the necessary Implementing Regulations to give it effect. The latest news indicates the new regime will be implemented in 2015.
The MCC has a number of goals including:
The reduction and streamlining of customs procedures (merging various duty reliefs and changing the compliance obligations)
Pan European customs clearance from one country
Self accounting for customs declarations rather than submitting declarations at import
Introducing the need for businesses to secure all suspended customs debts by guarantee unless they are AEO approved
The implementation of the MSS will change the customs terrain. Businesses that are prepared will gain significant benefits while those unprepared could face material cost increases.
"ITS have highlighted significant cost savingopportunities."
CW Winter, Financial Controller Special Metals Wiggin 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
"ITSs broad knowledge of Customs has proved invaluable"
D. Widdowson, Director of Financial Accounting Croda Chemicals Europe Ltd
"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
"I have worked with Rob on complicated HMRC issues. Aswell as 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."
