The issue

Warehousing organisation, particularly when tied in with supply chain software and ERP structures, needs close attention and periodic review to ensure compliance with EU regulations and proper reporting. In addition, new EU customs regimes may be applied for the benefit of businesses which move goods around the globe.

The regulatory framework surrounding the movement of goods into and out of the EU has also recently changed in the light of new EU legislation, particularly for larger businesses, with the potential to obtain the status of Authorized Economic Operator (“AEO”) which came into force on 1 January 2008.

The new legislation allows for the simplification of customs systems, enabling goods to be cleared at entry much more quickly and the facilitation of the customs clearance of goods elsewhere in the world, particularly into the US, through the identification and implementation of appropriate systems and physical security measures in the supply chain.

These new measures will provide a competitive advantage for those businesses operating in markets where a high degree of supply chain integrity is a prerequisite to the facilitation of trade.

Action required

Our team can assist your business in respect of its trade facilitation regimes. At all stages of the application process for AEO status, our team can provide analysis, reporting and liaison with HMRC.

Example

This is new legislation, but similar advisory projects have been undertaken in respect of IPR and Type E warehousing facilitation.