UCC implementing provisions finally published
Bringing you up to speed on the changes, challenges and possibilities
On 1 may 2016, the Union Customs Code (UCC) will become applicable. The implementation regulations to the UCC, the so-called Implementing Act and the Delegated Act, have now been published.
This publication provides a general overview of the most important changes based upon our present understanding of the new legislation from a general perspective. It is not comprehensive, but rather provides an overview of the main changes as well as the changes believed to have the most impact.
The main aspects discussed are the changes on:
- AEO
- BTI’s
- Customs Procedures
- Customs Valuation
- Definition of Exporter
- Non-Preferential Origin
Please note that the customs reform is not yet completed with the publication of these Regulations. The ICT framework, which is the backbone of the new EU customs framework, largely still needs to be established (envisaged final date is December 2020).
If you would like more information on these changes and the impact for your business, please contact your PwC advisor who will be happy to assist you further.
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