Customs and Trade News
Claudia Stroe
Certified Customs Practitioner | Export and Import Customs Procedures | Customs Compliance | Open to Exciting Opportunities to enhance my skills and stay updated on industry trends.
Explore the latest edition of this week's newsletter, packed with latest customs and trade developments.
Notice to exporters 2024/05: Open general export licence (export of dual-use items to EU member states) updated
The Export Control Joint Unit (ECJU) has updated the Open General Export Licence (OGEL) to permit the export of certain items controlled under Schedule 3 of the Export Control Order 2008, to certain destinations.
You must register through?SPIRE, the Export Control Joint Unit’s (ECJU’s) electronic licensing system, stating where you will keep records of exports or transfers and where the?ECJU?may inspect them.
The updated licence comes into force on 1 April 2024. The licence dated 24 March 2022 will be revoked on 1 April 2024.
Following months of?talks by the British Chambers of Commerce, with UK and European officials, the EU has now scrapped the paperwork requirement. Officials in Brussels have now designated the UK as a partner country on steel sanctions against Russia, meaning the certification paperwork is no longer needed. ??
Starting 1 April 2024, UK exporters cannot consider EU inputs as originating when exporting to Canada.
You must ensure your products still meet the Rules of Origin set out in Annex 5 of the TCA after this change if you want to benefit from preferential access.?The alternative rules set out in Annex 5-A (Origin Quotas and Alternatives to the Product Specific Rules of Origin in Annex 5) no longer apply, and producers must meet the Rules of Origin set out in Annex 5 of the TCA.
This sets out the 2024 origin quota volume for quota 05.8348 to be applied by the UK under the terms of its UK-Canada Trade Continuity Agreement. Quota order number 05.8348 covers goods of HS 62.01.
The 2024 volume has been uplifted by 3% and has been pro-rated to account for the expiry of the origin quota on 1 April 2024.
The report aims to raise the flow of foreign direct investment (FDI) into the United Kingdom and to increase the amount of goods and services we export.?
It recognises that the UK is starting from a position of great strength – it is currently the sixth largest economy in the world, the fifth largest exporter, and has the third largest stock of inward investment assets.??
A copy of the Global Britain report can be found here.
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If you hold Authorised Consignor or Consignee status, and declare goods via the Simplified Procedure, you are currently required to input the location code for the authorised premises where goods are starting or ending their movement in the UK when you submit a declaration via NCTS.
From 1 July 2024, when NCTS5 is introduced, this will be known as the Location Reference Number. In addition to providing the Location Reference Number, you will also need to provide your Authorisation Reference Number. Between April and May 2024, you will receive your Authorisation Reference Number from HMRC.
Monday 1 April 2024, small businesses have received a boost as the VAT registration threshold is raised from ￡85,000 to ￡90,000, and ￡4.3 billion of business rates relief comes into force.
The small business multiplier for business rates will also be frozen from 1 April for a fourth consecutive year, protecting over a million ratepayers from a 6.6% increase in their bills.
The World Customs Organization (WCO) announced the launch of its latest e-learning course focused on change management. This course aims to provide Customs professionals with essential skills to navigate the ever-changing global trade environment.
The course is available to all WCO Members on CLiKC!, the WCO's e-learning platform.
The Trader Support Service (TSS) is hosting a webinar – Countdown to the Windsor Framework – 6 months to go – which will take place at 13:00pm GMT on Tuesday 9 April.
This is the first in our series of three webinars on our Windsor Framework countdown: 6 months to go, 3 months to go and 1 month to go, and is beneficial for all business involved in moving goods into Northern Ireland.
China claims the US credits at issue are contingent on the use of domestic over imported goods or discriminate against goods of Chinese origin in violation of provisions under the General Agreement on Tariffs and Trade 1994, the Agreement on Trade-Related Investment Measures and the Agreement on Subsidies and Countervailing Measures.
Proposed new de minimis rules could see countries paying different tariffs for their imports into the US.
The Americas Act (AA), is still in its early stages, and has yet to be amended and voted on by various parties in the US legislative system, but a reduction of the $800 de minimis threshold is looming.?The new de minimis threshold would be the same as that for the country where a parcel originated.
Trade Compliance & Customs Analyst @Vestas | Process Excellence
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