We greatly increased our response rate working with Northern Ireland Chamber’s wider network
Queen’s University Belfast
The advice we received through chamber connections in the USA enabled us to win new business
OBE Waste & Agri Engineering Ltd
At a networking event we made a contact that led to a £42k deal
Bond Search and Selection
Thu 26th Jun 2014
Authorised Economic Operator
26 Jun 2014
June 26, 2014
NI Chamber in partnership with BIFA, are becoming increasingly aware of the importance of Authorised Economic Operator (AEO) accreditation and especially in relationship to the Union Customs Code (UCC) which is now only 12 months away.
This accreditation is not mandatory however those companies which work within the International supply chain who do not sign up to become AEO compliant may be disadvantaged from a commercial and sales perspective. Businesses both Multinationals and SME’s within Northern Ireland have a responsibility to increase business growth and this accreditation we believe will certainly help to achieve this.
Some of the emerging issues that will have a material impact are as follows;
• Guarantees will become mandatory for Temporary Storage (TS) and Special Procedures (currently CPEI regimes)
• End-Use will become a ‘Special Procedure’ and therefore will fall within the Guarantee requirement.
• We expect Guarantees to be implemented from May 2016, there are no proposals for a transitional period.
• For Potential Debts (TS and Special Procedures) Guarantee waivers and reductions apply to comprehensive guarantees only and are subject to meeting some or all of the AEOC criteria
• For actual debts i.e. Duty Deferment, Guarantees can only be reduced where the holder is AEOC certified.
It is crucial, therefore, that businesses consider the impact on themselves and their business partners/customers. Where AEO criteria will need to be met, the best way of demonstrating this is to apply for and obtain AEO status within the timeframe of implementation of the UCC.
In light of this BIFA have agreed to open up its Northern Ireland regional meeting to all those NI Chamber members who wish to attend. This will be held at the Mission of Seafarers, Princes Dock Street, Belfast, BT1 3AA, Thursday, 26th June 2014. 10.30 am.
The itinerary will be as follows
Start time 10.30 for 10.45 am.
• AEO overview by David Morgan, ITDLO HMRC.
• Q&As session covering all aspects of how to apply, what needs to be in place, preparation for HMRC visit etc..
• Close and lunch around 12.15 pm.
Who should apply Manufacturers, Exporters, Freight forwarders, Warehousekeepers , Customs agents, Carriers, Importers, This list is not exhaustive. Others who may qualify include port operators, stevedores, loaders, and secure freight parking operatives.
If you would like to attend please contact
Membership Manager | Northern Ireland Chamber of Commerce and Industry email@example.com or directly to BIFA Regional Represenative Northern Ireland – Paul Young Youngyes@aol.com
Created by Christopher Morrow