Brexit Terms

Question 1

AAD

Answer 1

Accompanying Administrative Document used in EMCS transit of Excise goods

Question 2

Ad-valorem duty

Answer 2

A duty based on a percentage of the value of the goods

Question 3

AEP

Answer 3

Automated entry processing (AEP is the Irish Revenue’s customs declarations system which handles the validation, processing, duty, accounting and clearance of customs declarations in Republic of Ireland)

Question 4

Agent

Answer 4

A person authorised to transact business for and in the name of another person or company. The types of customs agents include brokers, commission merchants, resident buyers, sales agents, manufacturer’s representatives.

Question 5

Agricultural duties

Answer 5

Import and export duties introduced under the common agricultural policy

Question 6

Anti-dumping duties

Answer 6

Customs duties imposed on imports from specific countries in addition to the normal or preferential duty; such duties may be introduced by countries or economic zones where the export price is below the normal value of the commodity, and usually on if such imports threaten the local Community producers of similar products.

Question 7

Approved exporter (export procedure)

Answer 7

A person who has been authorised to use the local clearance procedure for exports, i.e. goods are placed under the procedure by entry in their records and the customs authorities are notified of the removal of the goods from their premises.

Question 8

Approved exporter (origin)

Answer 8

Someone who makes frequent shipments of products and thus qualifies for preferential origin status and who has been authorised to complete invoice declarations for proof of origin.

Question 9

Article 50

Answer 9

The formal mechanism for exiting the EU: A clause in the 2007 Lisbon treaty allowing any member state “to withdraw from the union in accordance with its own constitutional requirements”. It allows for negotiations to arrange citizens’ rights, the issue of the Irish border and the UK’s final exit bill.

Question 10

ATR

Answer 10

Anticipated Transit Record

Question 11

Authorised consignee

Answer 11

A person that has been authorised to receive at their premises or any other specified place, goods moved under a transit procedure without presenting the goods and the transit declaration at the office of destination

Question 12

Authorised consignor

Answer 12

A person that has been authorised to carry out transit operations without presenting the goods and the transit declaration at the office of departure

Question 13

CPC – Customs Procedure Code

Answer 13

The Customs Procedure Code (CPC) is the 7-digit code found in box 37 of both import and export Customs declarations which refers to the status of the consignment being exported or imported, and whether it is treated as being in free circulation (duty paid) or under duty suspension and therefore Customs control, such as under Inward Processing Relief (IPR) status.

It is the responsibility of the declarant at both import and export stages to ensure that the correct status of the goods under such circumstances is declared correctly. Failure to do so will result in the imposition of excess import duty and VAT.

Question 14

Deferment

Answer 14

This is the process whereby import duty and VAT are not paid at the time of importation of a consignment but will be deferred until a fixed date the following month and paid by direct debit directly to the HMRC account in the Bank of England.

Frequent importers may apply to HMRC for a duty deferment account to avoid payment of import duty and VAT every time a consignment arrives in the UK. This means that import. This means that import duty and VAT is removed automatically from their account every month by direct debit as an accumulated total for all imports made during the previous month, as the payment is made in the month following that during which the imports were actually made

Question 15

Drawback

Answer 15

The drawback is a technique used to reclaim import duty paid on an imported consignment (or part of) which is subsequently re-exported out of the EU.

The importer must be authorised to use this facility by HMRC prior to carrying out such activities.

Question 16

End Use Relief

Answer 16

This is an import duty relief facility
used for the import of materials
which are destined for a specific and
prescribed use, namely inclusion in
products destined for the following
sector uses:
- Ship building and repair (shipwork)
- Aviation
- Continental Shelf (offshore oil
& gas)
- Military