Is this the right time to apply for Authorised Economic Operator (AEO) status? Probably not!

Is this the right time to apply for Authorised Economic Operator (AEO) status? Probably not!

17 February 2011

We are coming across more and more cross-industry commentators who are advising that businesses seek Authorised Economic Operator (AEO) status as soon as possible. But is this always best advice? Whilst we agree with the consensus of opinion that AEO will indeed become the norm rather than the exception we do not think the business case is presently strong enough for most businesses to adopt AEO. In our opinion it is the implementation of the Modernised Customs Code that will act as a catalyst for businesses to seek AEO approval because of the tangible benefits AEO will bring once the MCC is implemented.

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WTO delays vote on Trade Concessions to Pakistan

WTO delays vote on Trade Concessions to Pakistan

14 February 2011

The EU plan to grant trade-concessions to Pakistan on 75 goods (mainly textiles and clothing) following on from Pakistan’s devastating floods last year, has suffered another blow after the WTO postponed the vote for enabling the measures after it became apparent that a number of non-EU countries complained it would damage their economies.

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Introduction of the Bribery Act postponed

Introduction of the Bribery Act postponed

14 February 2011

The Government has delayed the implementation of the Bribery Act because it is seeking to re-write the guidance notes for businesses because of the high level of ambiguity that the Act had introduced.

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Returning your customs documentation on time: Tax Tribunal adopts a zero-tolerance approach

Returning your customs documentation on time: Tax Tribunal adopts a zero-tolerance approach

14 February 2011

In the recent Tribunal case of Euro Trading Ltd (TC00934), the appellant failed to have a customs debt rescinded because HMRC had not received paperwork the appellant had sent.

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EU Anti Dumping Duty on Chinese Footwear to end?

EU Anti Dumping Duty on Chinese Footwear to end?

14 February 2011

It appears that the European Confederation of Footwear will not seek a renewal of Anti-Dumping Duties (ADD) on imports of footwear from China and Vietnam.

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From the four building blocks (Origin, Classification, Valuation and Duty Reliefs) to Senior Accounting Officers and their responsibilities and the introduction of AEO.

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