Is there, or will there, be a way to become a trusted supplier of goods when the same product is being sent (either from the EU to the UK or the other way around) across every day meaning that checks or document requirements may be simplified / exempted?
Businesses with AEO C status will still be able to apply for waivers of financial guarantees to reduce guarantee requirements for duty deferment accounts. Businesses will only need to apply to HMRC for a deferment account where they are required to pay duty on imported goods but wish to suspend payment until the following month. Duty deferment accounts will also be required where traders register for HMRC’s TSP service to access simplified declarations. To help traders who are new to customs processes guarantees will not be required immediately, and traders will have until 30 September 2019 to put guarantees in place. Businesses with AEO C status will still be able to apply for waivers of financial guarantees to reduce guarantee requirements for duty deferment accounts.