WHAT ARE AUTHORISED ECONOMIC OPERATORS AND HOW CAN AN AEO REGISTRATION HELP YOUR BUSINESS?

On 20th July, Burgess Salmon published an article saying that, in the EU, the AEO scheme is available to any business which is involved in the international supply chain and which carries out customs related activities, irrespective of their size or of the volume or value of their international activities.  It explains that the regime is based on internationally recognised standards which allow for traders who meet a range of criteria to work in close co-operation with customs authorities to take advantage of simplified customs procedures.  The EU currently has mutually-recognised AEO programmes with Norway, Switzerland, Japan, Andorra, China and the US.  In the EU (including the UK) one can apply for either AEOC statuswhich provides for simplified customs authorisations, procedures and either a reduction or waiver of guarantees for customs duties; or AEOS status – which provides for enhanced security and safety clearance.  Whilst the take-up of AEO status in the UK has, to date, been less than elsewhere in Europe, the article says that as the number of AEO registrations increases, so will the pressure on other businesses to comply.  There is a real risk that unregistered organisations will be dealt with as secondary concerns in the future.

https://www.burges-salmon.com/news-and-insight/legal-updates/authorised-economic-operators-how-can-registering-as-an-aeo-help-your-business/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s