Pre-loader
Log In Register
August 13, 2021, admin

Authorised Economic Operator (AEO) | CUSTOMS ACRONYMS & GLOSSARY

Introduction

Authorised Economic Operator status is an internationally recognised quality mark that shows your business’s role in the international supply chain is secure and has customs control procedures that meet Authorised Economic Operator standards and criteria.

The MRN Format

There are 2 types of status:

  • Authorised Economic Operator Customs Simplification (AEOC)

  • Authorised Economic Operator Security and Safety (AEOS)

You can apply for customs simplification or security and safety, or you can apply for both.

Authorised Economic Operator Customs Simplification

If you hold this status and are based in Great Britain (England, Scotland and Wales), you could benefit from:

  • a faster application process for customs simplifications and authorisations

  • a lower risk score which may reduce the number of checks customs carry out on your documents and goods

  • a guarantee waiver up to the level of your deferment account

Authorised Economic Operator Customs Simplification

If you hold this status and are a Northern Ireland trader, you could benefit from:

  • a faster application process for customs simplifications and authorisations

  • your consignments receiving priority treatment for customs controls

  • a lower risk score which may reduce the number of checks customs carry out on your documents and goods

  • a reduction or waiver of comprehensive guarantees

  • a 70% reduction in a business’s deferment account guarantee

  • a notification waiver when making entries into a declarant’s records

    moving goods in temporary storage between different member states

Authorised Economic Operator Security and Safety

If you hold this status, you could benefit from:

  • a lower risk score which may reduce the number of checks customs carry out on your documents and goods

  • your consignments receiving priority treatment for customs controls

  • reduced declaration requirements for entry and exit summary declarations

  • reciprocal arrangements and mutual recognition

Where the status is recognised

If you have Authorised Economic Operator Security and Safety status you can benefit from Mutual Recognition Agreements (MRAs). The UK negotiates MRAs with other customs authorities.

The UK has negotiated agreements with:

  • EU

  • Japan

  • China

  • USA

Who can apply

To apply for Authorised Economic Operator status a business must:

  • be a legal entity

  • be established in Great Britain or Northern Ireland

  • be actively involved in customs operations and international trade

  • have an Economic Operator Registration and Identification (EORI) number

  • You can apply regardless of the size of your business.

You can apply if your business is new to customs and can clearly show the processes and procedures you have in place.

We value your feedback, and if you have any comments, suggestions or anything else that you would like to highlight to us, we will be delighted to hear from you and incorporate your feedback into our content.

Note: While we have made every attempt to ensure that the information contained in this Site has been obtained from reliable sources, Customs Declarations UK is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information in this Site is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability and fitness for a particular purpose. Nothing herein shall to any extent substitute for the independent investigations and the sound technical and business judgment of the reader. In no event will Customs Declarations UK, or its partners, employees or agents, be liable to you or anyone else for any decision made or action taken in reliance on the information in this Site or for any consequential, special or similar damages, even if advised of the possibility of such damages. Certain links in this Site connect to other Web Sites maintained by third parties over whom Customs Declarations UK has no control. Customs Declarations UK makes no representations as to the accuracy or any other aspect of information contained in other Web Sites.

Content Source: HMRC , GOV.UK