The UK has published her list of GB-only "AEO"s. Now we can see who are "trusted partners" in the EU and the UK in the eyes of the customs authorities. We share the AEO checker tools and files of the EU and UK.
What is the AEO programme in a nutshell?
Not many know that the AEO concept is originally based on the Customs-to-Business partnership introduced by the World Customs Organisation (WCO). Traders who voluntarily meet a range of criteria work in close cooperation with customs authorities to assure the common objective of supply chain security and are entitled to enjoy benefits throughout the UK or EU.
Both EU and the UK established its AEO concept based on the internationally recognised standards. In a way, it is a partnership programme between the customs authority and a business. This relationship must be based on the principles of mutual transparency, correctness, fairness and responsibility.
Where do I find the EU database of accredited companies?
For the EU, please take a look at this comprehensive database. It is accessed here: https://ec.europa.eu/taxation_customs/dds2/eos/aeo_consultation.jsp?Lang=en
Where do I find the UK list of accredited companies?
On 5 February 2021, the UK issued guidance allowing readers to check if a business holds Authorised Economic Operator status. Use this list to see if a business holds Authorised Economic Operator status with HMRC.
Who can become AEO?
Any economic operator established in the customs territory of the Union who is part of the international supply chain and is involved in customs-related operations may apply for the AEO status. The AEO status can be granted to any economic operator meeting the following five criteria:
Compliance with customs legislation and taxation rules and absence of criminal offences related to the economic activity
Proven practical standards of competence or professional qualifications.
Appropriate security and safety measure.
Why should I consider the AEO status? Top 10 benefits
AEO benefits are an integral part of the EU and UK legislation governing the AEO status. The AEO benefits, dependent on the type of authorization, are summarized as follows:
Financial guarantee reductions
Easier admittance to customs simplifications
Fewer physical and document-based controls related to security & safety
Fewer physical and document-based controls related to other customs legislation
Prior notification in case of selection for physical control (related to safety and security)
Prior notification in case of selection for customs control
Priority treatment if selected for control
Possibility to request a specific place for customs controls
Indirect benefits (Recognition as a secure and safe business partner, Improved relations with Customs and other government authorities; Reduced theft and losses; Fewer delayed shipments; Improved planning; Improved customer service; Improved customer loyalty; Lower inspection costs of suppliers and increased co-operation etc)
Mutual Recognition between the EU & UK and other countries (like the US or China)
Interested in becoming AEO?
We offer AEO support services to help your business become certified in the most efficient, effective and compliant matter. Get in touch today.
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