That was the News: June 2024

We said our final goodbye to CHIEF in June as the Customs Declaration Service (CDS) took over all import and export processes. This month's roundup includes key updates to CDS that affect exporters. We also discussed the significant transition from NCTS 4 to NCTS 5, which went live on July 1st, 2024. It's crucial for stakeholders to prepare for this change. Staying compliant with these changes is essential, as HMRC will closely monitor and address any deliberate non-compliance.

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

Transitioning from NCTS4 to NCTS5: Key Changes and Action Steps NCTS Phase 4 is about to progress to NCTS Phase 5 as part of a program of planned changes agreed under the Common Transit Convention to how Transit operates and aligns with other contracting nations. This alignment needs to be completed by December 2nd, 2024.

New Computerised Transit System (NCTS) Phase 5 – Multiple House Consignment What is changing? Consignor and Consignee information is provided at the item level when moving goods from multiple consignors to multiple consignees in NCTS4. Each item can have a Consignor or Consignee attributed to it.

What UK Businesses Need to Know About the EU Deforestation Regulation The European Union (EU) has introduced the EU Deforestation Regulation (EUDR) to combat global deforestation and forest degradation. This regulation is not only important but crucial for businesses that export to the EU market, ensuring that products sold in the EU are deforestation-free. Understanding and complying with this regulation is not just a necessity but a priority for UK businesses, especially those exporting to EU markets. ?

Merchandise in Baggage (MIB) Export Instructions for Great Britain - Interim Guidance HMRC has introduced interim guidance for exports from GB as Merchandise in Baggage (MIB), also known as Hand Carry. The guidance includes completion notes for the new Additional procedure Code 1MB.

Workaround for Establishment Numbers when Using IPAFFS We have been made aware that a number of our clients are encountering issues with IPAFFS, specifically with the system not recognising approved establishment numbers and displaying a 'not found ' message.

What is Excise Duty? Excise duties in the UK are taxes levied on importing or manufacturing specific goods. When these goods are imported from outside the UK, excise duty is charged in addition to import duty and VAT. These duties are applied to items such as alcohol, tobacco, and fuel, among others. The UK excise duty system encompasses several categories, including regulations and rates.

Unlock the Power of Incoterms? to Drive More Business Imagine a tool that could bring clarity and legal protection to your sales contract. That’s the power of Incoterms?. When both parties agree to an Incoterm?, they are bound by the obligations in the published rules, providing a solid foundation for your business transactions.

ATA Carnet Coverage Extended The ICC World Chambers Federation (WCF) ATA international guarantee chain has accepted two new countries as signatories to the ATA Carnet scheme. The Federation of Saudi Chamber became the 80th member in June 2024, while the Philippine Chamber of Commerce and Industry (PCCI) will become a member from July 15th, 2024.

CDS Exports: Important Information for Traders Exporting Controlled Goods using an Export License HMRC has issued detailed instructions on how to manage the declaration of export licenses on the CDS after discovering issues impacting the data flow between the CDS and the DBT SPIRE/LITE (licencing) system. This has prevented exports from progressing to a ‘cleared’ export state on the CDS.

Continuous and/or deliberate non-compliance: A Risk You Can't Afford to Ignore HMRC have issued a warning about both continuous and deliberate non-compliance during the completion of cross-border documentation and Customs declarations on import into GB.

Extension of the UK’s Steel Safeguard Measure The Secretary of State for Business and Trade has made a significant decision to extend the UK’s steel safeguard measure across all 15 categories, along with the suspension for Ukraine, for an additional two years, until the 30th of June, 2026.

Focus On: NCTS What you need to know - 24th July 2024

Since the UK left the customs union of the EU, there has been an increased need for companies to use transit to move goods into or through the EU Member States. This workshop takes you from a basic review of what transit / NCTS are to the application process to become an authorised consignee/ consignor. It also illustrates how to apply for and use a transit guarantee. With tips on making transit declarations, the role of the Transit Accompanying Document (TAD) and discharging a transit movement.

Understanding Origin & Preference - 29th July 2024

What is the difference between origin and preferential origin? This interactive workshop explains this by using case studies and exercises to help the learner understand when they are important in both export and import scenarios. It examines the documents and statements used to declare origin and preference and how to verify if your goods meet preference rules across different trade agreements. With HMRC audits increasing, you and the business need to be comfortable with this complex area.

Trading With The USA: An Introduction to Defence Exports - 30th July 2024

A popular interactive training course designed for companies involved in the Defence, High Technology and Military environment. The USA have very heavy controls on some of its goods; incorrect end-use of certain US technology leads to potential fines and penalties. Ultimately being denied the right to trade with the USA. This course looks at the controls and regulations affecting goods that are caught under the EAR and ITAR.

Focus On: VAT in International Trade - 31st July 2024

The aim of interactive session is to demonstrate how supplies of goods and services to overseas customers may or may not be subject to UK VAT and evidence to VAT zero-rate. It illustrates how a UK business should handle VAT obligations when receiving supplies from an overseas business, managing import VAT/PVA, and when import VAT can be reclaimed. It also looks at the circumstances in which a UK business must register for VAT overseas (eg in the EU).

Training - View our Upcoming Courses Here

For In-house training 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