EU provides €2 million to Global Forum in support of tax transparency and exchange of information in developing countries

Commissioner for Economic and Financial Affairs, Taxation and Customs Union, Pierre Moscovici is co-signing today a €2 million grant contract with OECD partners today on the 26 November 2019, in support of developing countries’ efforts to meet global standards in tax transparency and information exchange. The signing takes place in the margins of the 10th […]

The Free Trade Agreement between the European Union and Singapore has entered into force on 21 November 2020

t is the first “new generation” bilateral Agreement signed with a Southeast Asian country. The Free Trade Agreement contains a chapter on Customs and Trade Facilitation and introduces facilitation in the field of customs, new commitments to modernisation and simplification of customs procedures and improvements to speed up physical controls of the goods. It also strengthens the cooperation […]

EU auditors raise eyebrows at UK customs control competence

It’s all about trust. Quite apart from their deleterious effect on the all-Ireland economy, member states simply do not trust the UK’s “customs-light” proposals for Ireland. The idea being that you could protect the single market while moving all checks and controls away from the Border, and use trusted-trader schemes and untested technology to track […]

Commission publishes the 2020 version of the Combined Nomenclature

The European Commission has published the latest version of the Combined Nomenclature (CN) applicable as from 1 January 2020. The Combined Nomenclature forms the basis for the declaration of goods (a) at importation or exportation or (b) when subject to intra-Union trade statistics. This determines which rate of customs duty applies and how the goods […]

EU Customs Trader Portal

On 1 October 2019, the European Commission has launched the EU Customs Trader Portal, an electronic single point-of-access to a number of EU customs systems. In a first stage, the portal will be used for applications for Binding Tariff Information (eBTI) and applications for Authorised Economic Operator status (eAEO). As of 1 October 2019, these applications have to be made […]

How to prepare for Brexit Customs guide for businesses

Should the UK leave the EU without a Withdrawal Agreement, which would put in place a transition period, it will be treated as a non-EU country for customs purposes as of the date of its withdrawal. Businesses in the EU should start preparing for this possibility, if they have not yet done so. Brexit will […]