Why this course?
International traders need to understand legal requirements when they move goods over international frontiers. These obligations were radically changed by the establishment of the Single Market. The Brexit vote has made future obligations uncertain for exporters and importers and complex discussions will need to be resolved before the true impact becomes clear.
It is crucially important to understand how things operate presently, as the inevitable changes to be introduced when the newly-negotiated systems are finally established will then make sense. Currently, there are many opportunities to avoid paying import duties and taxes if you understand the system properly. This course explains, in simple terms, the documentation and procedures required for the international movement of goods. It also identifies the different obligations that arise while we are still members of the European Union.
At the end of the course you will understand your obligations, be aware of the terminology and documentation requirements and be alert to opportunities.
Who is it for?
The course is appropriate for anyone who wishes to understand the mysterious world of Customs, Excise and VAT as it affects the international trader.
What does it cover?
* Functions of Customs, Excise and VAT
* Statistical collection requirements – C88 outside the EC and Intrastat within the EC
* Free circulation status- T1 and T2 status
* Origin and preference
* VAT – export, import and intra-EC Supplies and Acquisitions
* Understanding the Tariff – Vols 1, 2 and 3
* Customs information sources
* Classification of goods
* The EC’s trading partners
* Important codes on the Customs entry C88 (SAD)
* Good instructions to give to your agent
* Summary of the ways of avoiding duty – IPR, OPR, RGR End-use and Warehousing
Benefits and outcome
The course will help you meet your legal obligations, consequently allowing you to gain preferential treatment from Customs. You will be better prepared for our trading future as we leave the European Union and face potentially newly-formed trading agreements.