Rules of Origin

Rules of origin impact on the documentation that may or may not be provided to facilitate the import of goods into a target market – but do you understand the rules and the evidence that you are required to maintain for HMRC?

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Course Overview:

What is the origin of the goods you declare on your commercial invoices? Do you issue certificates of origin to your customers or submit invoice declarations?  These documents relate to both preference and non-preference origin of goods – but do you understand the terminology and the difference between the two?  

With guiding principles from the World Customs Organisation and the revised Kyoto convention, rules of origin impact on the documentation that may or may not be provided to facilitate the import of goods into the target market. 

It is important that you understand the how these rules of origin determine your company’s ability to purchase/supply goods on a preferential tariff basis.  You also need to understand both where to find these rules and how to apply them correctly in accordance with  each of the  UK’s trade agreements, including the UK-EU Trade and Cooperation Agreement.  It is not necessarily the same rule for every country you trade with.

In addition to understanding the rules and their application, companies are required to hold proof of their origin calculations within the business to satisfy an HMRC audit. This particular area of international trade is increasingly under the spotlight and yet many traders are unaware of their legal obligations.  . 

Who within the business has oversight of origin within your business?    The cost of non-compliance can be high, for both you and your customers, and may also result in penalties from HMRC and challenges by overseas customs authorities.

Content:

  • World Customs Organisation
  • The significance of origin
  • Key terminology
  • Non preference origin
  • Trade agreements and preference origin
  • Economic nationality rules explained
  • Origin documentation
  • Cumulation
  • Impact of UK-EU separation on global Trade Agreements
  • Where to find the rules
  • Essential compliance checklist

 

Benefits

This full-day course puts origin into context on the world stage. Delegates will learn the difference between preference and non-preference documents, explore rules of origin and how these should be applied, along with the requisite proof that is required for HMRC should they choose to audit. 

This course is suitable for sales, logistics, production, finance and purchasing staff who need to understand how their respective roles impact on each other – and potentially the compliance of the company.

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This course will be given by

Becky Stark

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