That was the News: August 2022

With under a month to go until we say goodbye to CHIEF and hello to CDS, we used August to focus our resources on ensuring our clients are prepared for this. We know uncertainty can be unsettling and seemingly this is reflected in the world right now. Whether it's a new prime minister or a new customs declaration system, what we do know is the law surrounding International Trade remains the same. Compliance is key, whether you trade?using?the often misused Incoterm? ExWorks, or use preferential origin, due diligence always lies with you, the importer or exporter.?

For all the latest news & updates, check out our?Industry Insights?page and don't forget to follow us on?LinkedIn!

S&H News:?This month we will be turning our attention to Customs Audits, what they are, when they happen and how you, as a business, can be prepared! We know from many of our clients that audits?are coming thick and fast.?September will see us concentrate on this theme.

HMRC Announce More Than 3,500 Businesses Risk Losing Ability To Import Goods HMRC have announced that more than 3,500 businesses risk significant delays to importing goods, if they don’t move to the UK’s new streamlined customs system now.

CDS is the 'new kid on the block', but do not forget the old CHIE The transition from CHIEF to CDS will be happen for traders over a varying period, but it will be a few years before our records solely consist of CDS Declarations.?

Reminder - EORI's and the Customs Declaration Service CDS and EORI's....... a reminder

The Customs Declaration Service – Imports Immediate Payment, Cash Accounts and Deferment Accounts There are three distinct differences between CDS and CHIEF when it comes to paying duties and taxes to HMRC....

Focus On: CDS - A Practical Guide For Businesses CDS is a new system that requires further data to be declared, both for your Import and Export entries. This increased amount of information is required by all businesses. Even if you do not complete your own declarations and your agent or broker arranges the customs clearance for you, there is an increased amount of information you will have to provide to them.

U.S. Export and Reexport Controls Webinar with leading US Export Control Lawyer Gary Stanley Join Gary Stanley, President of Global Legal Services in Washington, DC, will cover the basics of U.S. export and reexport controls, as well as pay special attention to U.S. Department of Commerce measures targeting Russia and China.??Register Here

2022 Training Program -?Download We have re-designed our training to deliver a learning program that is accessible for all levels. Our new interactive, trainer-led, Virtual and Face-to-Face sessions enable the learner to choose their own individual Learning Pathway, developing their skills along the way and building on existing knowledge.

Contact us today to develop?your?Learning Pathway: For in-house training, or learning pathways tailored to your business, please contact:?[email protected]?

For public training, please contact:?[email protected]

While you're here, you may be interested in

• Glossary of customs and trade terms
• S&H Industry Insights
• Live Specialist Clinics

Training:

• Focus On: Dual Use Export Compliance - The Dual-Use Exporter?-?Goods, technology, software can come under export controls because of inherent capabilities, the type of materials or technical abilities. The Dual-Use controls, determined by the Wassenaar Arrangement, needs to be understood especially as?the UK leaving?EU means?full dual-use regulations came into force and export licences are required.
• Preparing for a Customs Audit?-?Essential guide on preparing your organisation for customs audits includes a look at the UK Trusted Trader plans and AEO Requirements – with practical tips and case studies through-out. A timely course aimed at assisting traders in preparing and planning for Customs Audits. HMRC are putting more responsibilities on traders and intend to run stricter audits with the hope of rating companies as “compliant” so they can concentrate on non-compliant companies. Even without this change in HMRC policy and the introduction of civil penalties and fines on both import and export errors a company should be able to self-audit rather than await the Customs visit.
• Focus On: Preparing for an Export Control Audit?-?As part of their responsibilities, the UK Exporter (the Licensee) can expect regular audits from the ECJU. The licensee must be able to demonstrate that they are compliant in respect of the licences they hold and are registered in their name. This new course provides a detailed review of the requirements and considerations to best prepare businesses for the auditor’s visit as well as forming the basis of carrying out ongoing self-audits.