- The European Union is revising the Union Customs Code (UCC)
- The UCC aims to modernize and digitize customs processes
- A central EU data hub will be established for data retrieval and addition
- Customs authorities will have direct access to business records
- The Trust and Check (T&C) system will replace or supplement the Authorised Economic Operator (AEO) status
- A new customs agency will be established to oversee UCC implementation
- The digitalization of customs processes will enhance efficiency, strengthen compliance, and reduce administrative burdens on businesses
Source: pincvision.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "European Union"
- Comments on ECJ C-101/24 (Xyrality) – Judgment on app stores as VAT commissionaires
- ECJ Confirms Deemed Reseller Rule for App Store In-App Purchases
- VAT Challenges in Toll Manufacturing: Goods vs Services Classification Issues
- VAT and Transfer Pricing – Four recent cases @ ECJ/CJEU – 3 cases decided, 1 case pending
- Briefing document & Podcast: ECJ C-580/16 (Hans Bühler) – Late submission of recapitulative statements should not disqualify a business from exemptions