Customs Procedures & Compliance

16 Nov
  16th November 2021
  9:30am to 4:30pm
  Virtual World

Many companies are involved in both the import and export of components and finished products and therefore subject to the scrutiny of HMRC and adherence to customs regulations. As the UK enters a new trading era from 1st January 2021 – businesses need to familiarise themselves with the new border operating model and its impact on their international transactions.

Do you understand the critical data for a customs declaration or the legal responsibilities of the importer/exporter?  Which documentation do you need to use and why?  Most importantly, is your company customs compliant?  All too often, companies are unaware of the array of customs regulations that apply to their international business transactions.  Unless staff receive adequate training, their first encounter with officialdom is often goods delayed in transit or a customs audit.  The cost of non-compliance can be high – whether this be demurrage charges at port, the withdrawal of customs authorisations, civil penalties or the repayment of understated duties. 

This is an interactive course which will give delegates an understanding of customs processes and procedures, accompanied by a reliable toolkit to help them make sure they follow the rules!

Content:

  • Overview of WTO and WCO
  • The legal framework
  • Customs declarations
  • Tariff classification
  • Customs documentation
  • Rules of Origin
  • Duties and taxes
  • Customs Valuation
  • Customs special procedures and authorisation
  • Deferment Accounts and Customs Guarantees
  • AEO
  • Compliance at the office

Benefits:

By the end of the day, delegates will have a comprehensive overview of the legal framework that governs customs procedures in international trade and the key areas of customs compliance – including record keeping back at the office.