AEO Compliance & Requirements (Half Day Course)
For those looking to dig a little deeper into the rules and regulations surrounding international trade, the Chamber offer these special half-day, supplemental courses as an addendum to our British Chambers of Commerce accredited export training programme.
Please note this course is not part of our official export training programme managed by the B.C.C and exists to provide extended detail.
Learning Points for this Module
Authorised Economic Operator (AEO) status
- The key learning will be to understand the increased importance and prominence of A.E.O and the benefits to businesses which have AEO status.
- To understand ‘risk’ and how to undertake a risk analysis and how that leads to becoming compliant and ready to apply for AEO status.
- To be guided on how to apply to become an AEO.
AEO approval certifies that businesses involved in the international trade supply chain are compliant with EU Customs legislation and regulations. AEO is essentially the European Union’s response to the recognised need to secure the international supply chain, primarily after the events of 9/11, but in reality it applies worldwide.
Certified AEO status enables businesses to be recognised by both trading partners and Customs authorities in all EU member states as being trustworthy and compliant as far as Customs activities are concerned. Any business, regardless of its size, can apply for AEO status, provided that the business in question is actively involved in the international supply chain and hence in both import and export activities concerning transactions with non-EU countries. This includes businesses such as logistics operators, freight forwarders, carriers and Customs agents, as well as import and export traders.
TRAINING AND COMPETENCE
From May 2016 there will be additional criteria for regulatory purposes, namely that of competence or a professional qualification in Customs procedures. Competence will be measured against individuals employed by the operator, with training records and a minimum period of three years’ experience being defined. AEO[c] certainly does require competence in Customs import and export activities, and therefore all companies involved in such activities must ensure that at least one of their staff is fully trained in such matters in order to satisfy Customs requirements. Also being introduced in May 2016 will be the addition of compliance against all taxes that form part of an applicant’s economic activities, including VAT and Direct Tax such as Corporation and Income Tax, and which will be applicable to all types of AEO.
The current immediate benefits of achieving and maintaining AEO status as a business are stated as being:
- Faster clearance at the frontier;
- Priority treatment at the frontier;
- Easier access to customs authorisations;
- Reduced data requirements per individual Customs declaration;
- Reduced Financial Guarantees.
Additional perceived future benefits on the introduction of the UCC will include access to guarantee reductions or waivers, access to centralised clearance and self-assessment.
Please arrive at 11:30 for a 12:00 noon start, commencing promptly with a hot lunch in the restaurant.