UKP Worldwide granted full Authorised Economic Operator (AEO) status
UKP Worldwide has been approved and granted full Authorised Economic Operator (AEO) status, after a thorough and exhaustive audit by HMRC, covering both customs simplifications & security and safety.
UKP Worldwide provides international delivery services for eCommerce goods, as well as worldwide postal options for printed matter - including publications, direct mail and catalogues. In recognising the importance and benefits that international trade can bring to a business, we also understand the requirements of the international supply chain in terms of security, compliance and logistics, so applying for and subsequently achieving AEO accreditation means out customers are even more confident about our ability to work efficiently and compliantly process their work.
What is AEO?
AEO status is an internationally recognised accreditation in the global supply chain. It confirms that a business' systems and processes have been audited by local customs authorities, the international supply chain is secure and that customs controls and procedures are efficient and compliant. In the UK AEO status is granted to "trusted traders" who have undergone this audit and meet the rigorous conditions outlined by HMRC.
AEO status offers many benefits to the changes in the recently updated Union Customs Code (UCC). HMRC expect all importers and exporters who use simplified customs procedures e.g. inward processing relief, customs warehousing, temporary storage or community transit - to meet and comply with AEO criteria or cover the cost by providing financial guarantees to cover duties that have been suspended under any of these schemes. Using an AEO approved supplier can greatly reduce and on occasion eliminate these new requirements for duty guarantees.
Following BREXIT, whatever deal the UK negotiates, the UCC will need to be followed and AEO's will play a part in complying with any new trade terms that are agreed between the UK and EU.
By being AEO accredited, UKP Worldwide's customers can benefit from:
- Consistent and faster customs clearances at both local and overseas borders for both outbound and returns traffic
- Permitted access at time of increased border controls
- A compliant and secure supply chain, protecting people, cargo and information
- Access to customs simplifications
- Improved cash flow and increased margin, if participating in any tax and duty suspension programs
- A compliant record of exports and any subsequent returns
If you would like to learn more about how we can offer you support on eCommerce export requirements, please get in touch on +44 (0) 1844 398880.