In May 2016 mandatory HMRC guarantees will be required if your organisation operates a simplified customs procedure. This will tie up valuable funds and incur a significant annual cost. The special procedures include inwards & outwards processing relief, end use or operating a bonded warehouse. As an AEO your organisation will be entitled to full or partial waivers from the requirement to have a guarantee in place.
As this date approaches a significant increase in applications to become an AEO are expected. Start the process now and get ahead of the game call 01344 870 077 to talk with one of our experts.