Course description
The UK-EU Trade and Cooperation Agreement secured tariff-free trade for businesses trading between the UK and EU following the end of the transition period on 31 December 2020. However, it is the “economic nationality” of products that will determine the level of duty applied or if they are subject to exemptions. These “Rules of Origin” determine country-specific priorities in every Free Trade Agreement (FTA).
Programme Summary
This workshop examines how customs authorities determine the “economic nationality” of goods – either where they are wholly grown, produced or where the last substantial manufacturing transformation took place – and what UK businesses need to do to ensure that they remain compliant with UK Customs regulations.
Key Learning Points
- What are the Rules of Origin applicable to the European TCA?
- The importance of commodity codes
- Preferential and non-preferential origin
- The concepts of “Sufficient working or processing” and “wholly produced”
- Tariff shift and value-added tests
- Required documentation
- Internal documentation and procedures
Upcoming start dates
Choose between 2 start dates
Outcome / Qualification etc.
Benefits of Attending
- Understand the importance of the “rules of origin” and the potential impact on imports and exports.
- Learn the differences between preferential and non-preferential origin.
- Ensure that your processes are fully compliant for HMRC audit purposes.
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