Suffolk grain buyer and processor Muntons has successfully achieved accreditation thorough through HM Revenue and Customs to receive priority customs clearance to safeguard its exports from July 1st, in the event of a ”hard” Brexit.
The Stowmarket-based manufacturer of malt and malted ingredients applied for and secured Authorised Economic Operator (AEO) status through HMRC. With continued uncertainty over the shape of Brexit, the company says the status mitigates potential risks and will help limit the impact on its export sales of a withdrawal from the EU without an agreement.
AEO, recognised across the UK and Europe, is designed to introduce security measures to safeguard goods passing through the international supply chain. It helps prevent smuggling, tampering with goods, false documentation, identity fraud and theft – all tangible benefits for companies who have achieved the certification.
Other benefits include simplified customs procedures and the possibility to fast track shipments in the event of a ‘no deal’ exit from the EU, and reassurance and peace of mind for Muntons‘ customers.
“Gaining AEO accreditation gives us ready access to any simplifications that HMRC may introduce to prevent delays at Channel ports in the event of a ‘No Deal’ situation,” notes Muntons’ service manager Corinne Robinson. “It is very likely that such facilitations will only be granted to ‘Trusted Traders’ – gaining AEO is an important achievement for us.”
• Feed additive supplier Trouw Nutrition GB, part of the Nutreco group of companies, was awarded Authorised Economic Operator-FULL (AEOF) accreditation by the UK Customs Authority in March this year.