Did you know that Samphire Cargo is one of less than 1200 companies registered with HMRC that hold AEO Certification?
For help with Planning for the end of the transition period and to ensure you’re prepared for 1st January 2021 call our team on +441304 207120 or email firstname.lastname@example.org
As the UK leaves the EU it is vital that businesses involved in international trade ensure they can respond to the outcome of negotiations with the European Commission. For companies to successfully continue trading with the remaining EU member states, obtaining Authorised Economic Operator (AEO) accreditation will be beneficial. For companies that want to trade with others holding free trade agreements, Authorised Exporter (AE) is a mandatory requirement. AEO’s are considered “trusted members” of the international supply chain and consequently seen as low risk from a customs perspective. AEO accredited companies will have their goods cleared through customs controls quicker than goods for non-AEO accredited companies. They will have easier access to customs procedures such as inward/outward processing relief and duty deferment. Non-AEO accredited companies will still be required to lodge financial guarantees to obtain customs authorisations whereas AEO’s will benefit from guarantee waivers.
Introduced by the EU in 2008, attaining AEO has become a globally recognised quality mark for UK businesses involved in international trade.