|Authorised Economic Operators (AEO) update||HMRC NOTICES|
Authorised Economic Operators (AEO) is a recognised quality mark of a business’ customs control and operating procedures. Businesses that are actively involved in international trade and hold the AEO standard can, in many cases, fast-track shipments by reducing the number of safety and security checks performed by HMRC and other EU tax authorities. The AEO status became effective from 1 January 2008 and the status is recognised across all EU member states.
The HMRC notice that refers Notice 117: Authorised Economic Operator includes sections on the application process for AEO, AEO compliance, financial solvency, accreditations, maintaining AEO status and the process to follow if a certified operator does not agree with a Customs declaration. Businesses interested applying for AEO status need to complete two forms (C117 and C118). The C117 form and accompanying guidance have been updated.
March 17th, 2017