Customs – Inward processing changes
Businesses that use Customs’ simplified authorisation for inward processing of goods need to be aware of changes to the rules which will become effective next year.
The simplified authorisation procedure will be withdrawn from 1 April 2010 as Customs claim it is no longer viable. This is due to a significant decrease in the number of businesses using the procedure in recent years. Businesses that wish to enter goods into the UK for inward processing will remain able to do so but must use a pre-approved inward processing authorisation.
The pre-approved authorisation also allows importers to account for goods on a monthly or quarterly basis rather than on each individual entry where the simplified method is used.
The other reason for these changes is the expected withdrawal of inward processing reliefs from June 2013. This is part of a streamlining in the amount of customs procedures under the Modernised Customs Code (MCC) which will be effective across the EU.