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Description

What is the origin of the goods you declare on your commercial invoices? Do you issue certificates of origin to your customers or submit invoice declarations? These documents relate to both preference and non-preference origin of goods – but do you understand the terminology and the difference between the two?
With guiding principles from the World Customs Organisation and the revised Kyoto convention, rules of origin impact on the documentation that may or may not be provided to facilitate the import of goods into the target market.
It is important that you understand the how these rules of origin determine your company’s ability to purchase/supply goods on a preferential tariff basis. You also need to understand both where to find these rules and how to apply them correctly in accordance with each of the UK’s trade agreements, including the UK-EU Trade and Cooperation Agreement. It is not necessarily the same rule for every country you trade with.
In addition to understanding the rules and their application, companies are required to hold proof of their origin calculations within the business to satisfy an HMRC audit. This particular area of international trade is increasingly under the spotlight and yet many traders are unaware of their legal obligations. .
Who within the business has oversight of origin within your business? The cost of non-compliance can be high, for both you and your customers, and may also result in penalties from HMRC and challenges by overseas customs authorities.

Overview

The significance of origin
WCO rules
Key terminology
Non preference origin
Trade agreements and preference origin
Economic nationality rules explained
UK legislation and how to use it correctly
Origin documentation
Cumulation
Essential compliance checklist

Outcome

This full day course puts origin into context on the world stage. Delegates will learn the difference between preference and non-preference documents, explore rules of origin and how these should be applied, along with the requisite proof that is required for HMRC should they choose to audit.
This course is suitable for sales, logistics, production, finance and purchasing staff who need to understand how their respective roles impact on each other – and potentially the compliance of the company.

This event is available for: Members and Non Members

9:00am - 3:00pm

Online

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Members must Sign in / Register to purchase member only tickets

Price Type

Clear

*All our business prices are excluding VAT at 20%.

For further information on this event, please contact International Trade Training on 0333 320 0333 or email internationaltraining@Emc-dnl.co.uk

Presenters & Panelists

Becky Stark

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Rules of Origin - Full Day

Description

Overview

Outcome

Presenters & Panelists

Becky Stark

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