MSC’s UK business has been approved by HM Revenue & Customs (HMRC) as an Authorised Economic Operator (AEO).
Recognition under the EU scheme enables businesses to have their consignments fast-tracked through customs’ controls and if a consignment is selected for examination it will receive priority over non-AEOs.
AEO’s get a lower “risk score”, which will be incorporated into HRMC's risk management systems and used to determine the frequency of customs physical and documentary checks.
AEOs are also allowed to omit certain data elements from pre-arrival and pre-departure summary declarations.
A spokesperson for HMRC said: “The AEO scheme is the way forward for businesses involved in the international supply chain.
“It shows they are committed to raising their security and safety standards, which will be of benefit to themselves, their business partners and assists in the development of their long-term relationship with HMRC."
To achieve AEO status, businesses have to prove they are compliant, safe and secure and are subject to an audit run by customs.
AEO is recognised across the whole EU and it is hoped that mutual recognition of similar systems, across other third countries, will take place in the future
Recognition under the EU scheme enables businesses to have their consignments fast-tracked through customs’ controls and if a consignment is selected for examination it will receive priority over non-AEOs.
AEO’s get a lower “risk score”, which will be incorporated into HRMC's risk management systems and used to determine the frequency of customs physical and documentary checks.
AEOs are also allowed to omit certain data elements from pre-arrival and pre-departure summary declarations.
A spokesperson for HMRC said: “The AEO scheme is the way forward for businesses involved in the international supply chain.
“It shows they are committed to raising their security and safety standards, which will be of benefit to themselves, their business partners and assists in the development of their long-term relationship with HMRC."
To achieve AEO status, businesses have to prove they are compliant, safe and secure and are subject to an audit run by customs.
AEO is recognised across the whole EU and it is hoped that mutual recognition of similar systems, across other third countries, will take place in the future
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