The Importance of REX and Supplier Declarations

Following changes that took effect on the 1 January 2022 many UK Traders have been caught out by increased duties on goods from the EU, and are unaware of the documentary requirements they are required to hold from EU Suppliers with regards proof of origin.

In this one- hour event our International Sector Chair, Richard Bartlett of ExportUnlocked, will highlight all you need to know about these changes.

There will be a short presentation covering both elements, followed by a live Q&A Session.

Under the EU-UK Trade and Cooperation Agreement (TCA) zero rated duty is available on certain commodity codes as detailed in the UK tariff for goods of UK or EU origin. The easements that have been in place during 2021 to support origin statements have been removed from 1 January 2022:

  • From 1 January 2021 under the TCA, proof of origin for goods was not required in the form of a supplier declaration at the time of export to make an origin statement on the commercial invoice. This changed from 1¬†January 2022, and supplier declarations must now be held by the exporter prior to the origin statement being made on the commercial invoice for exports in 2022.
  • From January 2022, all European suppliers must have a Registered Exporter (REX) authorisation. It is necessary for the REX number to be shown on the Commercial Invoice for eligible goods to enter the UK with zero rated duty.

How to book

Register here > https://afx.one/60e4831a

 

Address

Online

Event information

Date

26/01/2022

Time

4.00-5.00pm

Venue

Online