The Union Customs Code (UCC) was implemented on 1st of May 2016. A cornerstone of the legislation is the Authorised Economic Operator (AEO) standard. Unless this status has been achieved, your current HMRC-authorised operations may be significantly impacted. In particular; financial requirements in the form of guarantees, additional constraints and administrative burdens will be imposed. These will affect bottom line and current operational procedures. There is a possibility that HMRC could withdraw certain authorisations.
You may have been using your current operating procedures for a number of years, so any changes to these procedures may face some opposition. However, in order to ensure and retain your current benefits, action must be taken now. All authorisations will be compromised in some way. The need for businesses to achieve AEO status will become even more necessary post-Brexit with the numbers of customs declarations set to increase five-fold.
The AEO initiative isnât about ticking boxes or having a badge of honour. Itâs about proving your worth and integrating customs and security (where appropriate) protocols within business processes and providing evidence to back it up.
Although primarily recognised for Duty Management software solutions for over 30 years, Langdon Systems has a wealth of expertise across the board that has allowed for continued development and innovation. From Period Entry to CFSP, SAD Harmonisation and more, we have continued to deliver. Behind the scenes, of course, this requires an in-depth knowledge and understanding of customs practices and procedures as well as the ability to implement them.
With our vast experience of the legislative, administrative and operational demands on businesses involved in the movement of goods internationally, we have the perfect background to offer first class advice and guidance on the often complicated subject of customs legislation and procedures.
