Global Trade & Logistics
UK
August 2007 - Regulatory
News Update
Our apologies for the long delay since the last update
REGULATIONS AND TRADE UPDATE
EXPORT LICENSING
Those involved in export licensed goods should be aware that there are changes to the Control Lists from Wassenar and also some National Controls which can be viewed from
AUTHORISED ECONOMIC OPERATOR SYSTEM (AEO).
Authorised Economic Operator system (AEO) Scheme application process has begun and updated information on the requirements can be obtained here
DANGEROUS GOODS
Please note that the Dangerous goods “Proper Shipping Name” format is now consistent across all modes of Transport. SITPRO have published an updated version of the Dangerous Goods guideline document which can be obtained from
http://www.sitpro.org.uk/trade/dangerous.pdf
MISCELLANEOUS ITEMS
LETTER OF CREDIT GUIDELINES
Sitpro have published a new set of guidelines on handling Letters of Credit which can be viewed from the SITPRO newsletter site :-
http://www.sitpro.org.uk/news/articles/snar200707e.html
EUROPEAN COMMISSION NEW ONLINE INFORMATION ON TAXES
The EU have launched a database which contains information of taxes in all EU member states. The database lists for each individual tax, information on its legal basis, assessment base, main exemptions, applicable rate(s), economic and statistical classification, as well as the generated revenue. The information is listed in the form of a downloadable file. For further details go to
http://ec.europa.eu/taxation_customs/taxation/gen_info/info_docs/tax_inventory/index_en.htm
EU VAT RECLAIMS
Updated lists of addresses in the Member States to which claims for refunds under the 8th VAT Directive should be made and the minimum amounts refundable has recently been published on our http://ec.europa.eu/taxation_customs/taxation/vat/traders/vat_refunds/index_en.htm
CUSTOMS (UK)
NES EXPORT DECLARATIONS
The new version of NES (SAD-H project) has been delayed off and on now for some time. However the latest statement from Customs says that the start date will be 1st October and that dual running with old SAD will continue until midnight on the 20th January. From 0001 on Monday 21st January all old codes will be unacceptable.
Revised details on how to complete an export declaration and associated codes for new system.
There is also a list of changes made since the last update of the declaration completion guidelines.
EXPORT CONTROL SYSTEM (ECS)
You may be aware of the Export Control system which covers shipments where the point of exit from the E.U. is not the U.K. A new notice has been issued from Customs JCCC committee on the procedures which can be found from following this link
ELECTRONIC INVOICING AND VAT
A new public notice on this ubject has been issued by Customs which can be downloaded from here
INTRASTAT
Please note the links for Intrastat can take some time to respond
HM Revenue & Customs is seeking the views of both data providers and users on various Intrastat Simplification options that are being considered. If you wish to view the options and respond, then please go to the following link@-
http://www.uktradeinfo.com/index.cfm?task=news&targetnewsid=542
Two new Intrastat Information Sheets have been added to those available on the Intrastat Services pages. The subjects covered are Group VAT Registrations and Intrastat and Commercial Samples and Advertising Material. Details from
http://www.uktradeinfo.com/index.cfm?task=infosheets
CLASSIFICATION OF EXPORTS AND IMPORTS.
A revised version of public notice 600 is available here
Kewill Systems Plc Oaklands House, 34 Washway Road,
Sale, Cheshire, M33 6FS
www.support.kewill.com