Authorised Economic Operators (AEO) is a recognised quality mark of businesses customs control and operating procedures. Businesses that are actively involved in international trade and hold the AEO standard, can in many cases fast-track shipments by reducing
the number of safety and security checks performed by HMRC and other EU tax authorities. The AEO status became effective with effect from 1 January 2008, and the status is recognised across all EU member states.

The HMRC notice that refers Notice 117: Authorised Economic Operator includes sections on the application process for AEO, AEO compliance, financial solvency, accreditations, maintaining AEO status and the process to follow if a certified operator
does not agree with a Customs declaration. The notice has been updated to reflect changes in the appeal process.

Businesses interested in applying for AEO status need to complete two forms (C117 and C118). The C117 form is used to apply for an AEO certificate, whilst the C118 form comprises a self-assessment questionnaire to help businesses understand what they need
to do to become an AEO.

Source: New feed