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Authorised Economic Operators

Source: HM Revenue & Customs | | 26/05/2020

With effect from 1 June 2020, applications for Authorised Economic Operators (AEO) status must be submitted through the EU Customs Trader Portal. This measure will not change the way HMRC checks application or visits a business before approving an application.

AEO status is a recognised quality mark of businesses customs control and operating procedures. Businesses that are actively involved in international trade and hold the AEO standard can in many cases fast-track shipments by reducing the number of safety and security checks performed by HMRC and other EU tax authorities. The AEO status became effective with effect from 1 January 2008 and the status is recognised across all EU member states.

The HMRC notice that refers, is Notice 117: Authorised Economic Operator. The notice includes sections on the application process for AEO, AEO compliance, financial solvency, accreditations, maintaining AEO status and the process to follow if a certified operator does not agree with a Customs declaration.

 

 

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