Focus On: AEO and Trusted Trader Scheme
This presentation focusses on what the HMRC Authorised Economic Operator Status accreditation is, but more importantly, examines whether being an AEO will benefit your own organisation or if staying outside the AEO system will have a detrimental effect on your business. AEO status was introduced in the EU in 2008 and is now part of UK legislation and will be linked to the new border management system coming into force the Trusted Trader Scheme.
Description
You need this course if your organisation is considering applying for AEO Status which is more relevant than ever with the changes introduced by the Union Customs Code (UCC) in May 2016. You will learn about the requirements for both security and customs issues and the potential implications of not being an AEO business and how this will affect your supply chain lead times and future business with Mutual Recognition Agreements (MRA) between the EU and other countries such as USA, Japan, China, India, etc. We will review the potential benefits of AEO status, what your business has to do to comply and estimate how much it might cost in time and resources. Understand how this “status” links with other similar standards, e.g. CT-PAT, ISO 28000, Aviation Security “Known Shipper”, etc., how to audit the level of customs compliance within your company.
Course Structure and Key Topics
This course will review the potential benefits of AEO status and what your business must do to meet HMRC requirements. We will look at the benefits of the UK AEO system, how to estimate how much it might cost in time and resources and how to prepare the company for becoming AEO accredited. Covers requirements for security and customs issues.
• Potential benefits of being AEO approved, the difference between the Supply Chain Safety & Security AEO authorisation and the Customs Compliance AEO status
• Compliance advantages of being an AEO Accredited business in the UK and the AEO application process
• AEO and the Taxation (Cross-border Trade) Act regulations and how future developments may increase the benefits of being an AEO and the effect of the new law on other authorisations for Customs Reliefs, movement of goods in Duty Suspension (EIDR), and customs transit guarantee waivers
• Details of what Customs AEO is all about and the business benefits of AEOC status and the Northern Ireland differences
• Safety and Security requirements of AEOS and a review of the current world position regarding AEO and UK Mutual Recognition Agreements (MRA) both current (EU and Japan) and future agreements under discussion
• AEO Self-Assessments, gap analysis and risk assessment: how to go about the planning processes and tips on completing the Self-Assessment Questionnaire (SAQ – Form C118)
• Qualification criteria required, eg financial solvency, tax compliance and knowledge/ staff skills and qualification standards
• Written procedures and internal processes required by businesses and how to link them into existing quality procedures and checklist
Who Should Consider this Course?
Managers responsible for customs control and compliance including financial directors, supply chain and logistics managers, managers of freight companies, warehouses and clearing agents . Import/export administrators and managers responsible for controlling customs declaration will also benefit from this course & quality/procedural managers who must ensure compliance and audit trails in the areas of safety, security and customs compliance. In addition security managers responsible for compliance with AEO Safety and Security.
Testimonials
"Lots of useful info, liked the way it covered the application and also what needs to be done after. I found the examples that Calvin used for things he looks for when going out to do audits helpful." 02/09/2024
"Calvin was knowledgeable and easily answers all my questions" 11/01/2024
"clear and to the point" Siemens Healthcare 20/01/2022
"The host is knowledgeable, clearly speak and has good time controls." Mizuno 04/08/2021
"Practical well paced interactive" Amphenol 02/10/2020