- The European Commission has proposed reforms to the European Union’s (EU’s) customs regime, including the introduction of a single online data system.
- The changes aim to simplify customs obligations and processes and introduce EU-level risk management to better enforce EU standards.
- Ultimately, this should improve customs authorities’ ability to collect the customs and tax revenues that help finance budgets and public services.
- The proposals seek to cut down on fraud in the e-commerce sector, while introducing more transparency and peace of mind for consumers.
Source EY
