Discover and read the best of Twitter Threads about #customs

Most recents (9)

Thread on #customs transit. Why it isn’t a #Brexit silver bullet and why proposals for NI border relying solely on transit would make it one of the most restrictive borders out there (even if we managed to get to no infrastructure). Might get long /1
Transit is an existing customs procedure. Allows to move customs formalities away from the border and only scan a barcode when passing the border. In some cases transit can start or end at company’s own premises. (Bit more on it here) /2

blogs.lse.ac.uk/brexit/2019/02…
Common transit will be available after Brexit. UK will have access to NCTS system which is available to all parties of the Common Transit Convention /3

ec.europa.eu/taxation_custo…
Read 17 tweets
Interesting. "Real-time visibility of #customs duty costs". Seems they're using MSS data from #HMRC. Not sure how different from internal review a company can do by purchasing MSS data and analysing /1 thebusinessdesk.com/northwest/news…
Sounds like part of the analysis done by the system. Highlights outliers? Codes and entries that do not match customs profile. Company website /2 ccdigitalsolutions.com
By the way, purchasing MSS data from HMRC and reviewing it is the best way to understand your customs footprint ahead of #Brexit. You do however need someone who will help you understand it if you don't have a customs team /3
Read 3 tweets
IMPORTANT. #HMRC announced (still informally) Day1 #NoDealBrexit #customs simplifications for traders. Substantial simplifications planned for EU/UK trade. Also for RoRo traffic. Available for undefined time but 12 months’ notice will be given if changes planned /1
Customs declarations and pre-notifications still required but various simplifications available to avoid congestion. Traders able to lodge them ahead of goods arriving at the border or into company’s records /2
Initial declaration submitted in the company’s own commercial records. Once the goods arrive in the UK a supplementary declaration is lodged /3
Read 12 tweets
Over the past weeks, the 🇪🇺 Parliament has issued two reports on #blockchain. I'll summarize the key points below.

👇
First, an Opinion by the Committee on Civil Liberties, Justice and Home Affairs, which considers the tech 'capable of decentralising forms of human interaction, the markets, banking and international trade'.

europarl.europa.eu/committees/en/…
It informed the 2nd report I'll mention below and focused on the #GDPR, stressing the capacity of blockchains for data protection by design. It mentions zk-SNARKs specifically (but remains mum on implications for AML etc).
Read 17 tweets
1/ Another customs thread. This time on #customs formalities and #Backstop . Backstop envisages a #customsunion with simplifications. It mentions that a movement certificate, A.UK, will be required. No mention of customs declarations.
2/ Movement certificate demonstrates that goods are eligible for trade under a customs union. Is certified by e.g. a Chamber of Commerce. Declarations do more than that. They are entered into the national customs system and enable customs authorities to collect customs data.
3/ Much more info on a declaration than on a movement cert. Some of the most important fields include commodity code, value of goods, country of origin and customs procedure. Would imagine the UK would still like to collect this data for various reasons even under backstop.
Read 9 tweets
On #customs formalities and documentation under various #Brexit scenarios. Procedures and documentation required for customs clearance can be confusing. Particularly, the difference between a single market and a customs union seems to be unclear. /1
Under different Brexit scenarios there will be different customs formalities and supporting documentation traders will need to complete/ provide for customs clearance (from an upcoming blogpost): /2
This is a simplified view - additional formalities are required depending on the type of goods (e.g. agricultural, excise) and other supporting documentation may be needed (e.g. licenses, certificates, value declaration, insurance docs, tariff quota docs etc). /3
Read 5 tweets
A 'Greatest Hits' collection of slides on #Brexit & @BorderIrish

[for those covering the topic in weeks to come
& who might value a few prompt cards] 🤓

Inc. @BelfastAgmt, #crossborder #customs #backstop #chequers #BorderTech, NI party & public views.

qpol.qub.ac.uk/brexit-irish-b…
1998 Good Friday (Belfast) Agreement

2/12
Risks to peace process

3/12
Read 12 tweets
001/ [article content in this tweet series 001-180 reproduced with permission from Martin Howe QC of Lawyers for Britain @lawyers4britain]
#quote "Leaving the EU on WTO terms: pulling down the barriers to world trade
Introduction: why prices will FALL after Brexit, not rise" /002
002/ #quote "Over the past couple of weeks, the media have been full of lurid scare stories about what will happen if the UK leaves the EU on WTO terms, because negotiations with the EU do not result in a withdrawal agreement." /003
#tariffs #NoDeal #Brexit #WTO #ProjectFear #shortages #food #medicines
003/ #quote "One of the most ridiculous and UNJUSTIFIED of these absurd scare stories is that it will lead to higher prices, and even shortages, of foods and medicines." /004
Read 180 tweets
104 pages of the #Brexit #WhitePaper reduced to 10 slides.
Especially for those concerned for @BorderIrish, @BelfastAgmt,
& with more sense than time.

@DPhinnemore & I have scrutinised the WP in light of #JointReport commitments to NI/IRL & the UK's alternative #backstop.
1/10
A bit of context-setting (plus explanation of our imaginative colour coding).

The White Paper is in part an effort by UK govt to prove a NI-specific #backstop to be unnecessary. But remember Protocol for NI/IRL in the Withdrawal Agmt is abt much more than a customs border.

2/10
A reminder of where we are up to on that Protocol on NI/IRL in the draft Withdrawal Agreement.

With added stars 🌟 to identify which bits the White Paper attempts to address (or negate) most directly.

3/10
Read 11 tweets

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