In August, HMRC launched the first release of its new Customs Declaration Service (CDS), which is replacing the 25 year old Customs Handing of Import and Export Freight (CHIEF) system.
CDS is a modern and flexible system that will allow importers and exporters who trade outside of the EU to include more items with each declaration, potentially reducing how many declarations they need to make. For the first time, your Government Gateway account will include a record of all of your businesses’ imports and exports.
CDS is being introduced gradually and the timing of your move over to it will depend on when your business, or your software developer or agent, are ready. Developers should already be working with HMRC to update their software applications and, if they haven’t already, will contact you soon to explain if there’s anything else you need to do.
For most importers and exporters this will include confirming your company’s Government Gateway account details, registering for the CDS service through it and authorise their software application.
If your business trades outside of the EU, you should use this time to familiarise yourself with changes to the tariff which has been updated to meet the requirements of the Union Customs Code. Guidance explaining the new changes to the tariff can be found on GOV.UK
The British Exporters Association is working with HMRC to provide relevant information to businesses but encourages you to visit www.gov.uk/customsdeclarationservice regularly for the latest updates.
Following the recent launch of BExA’s 9th Annual UK Export Finance benchmarking paper, member Aon has published an article entitled ‘Government urged not to restrict lending to exporters’. Full details can be viewed here.
For full details of the event and survey results please click here.
The finalists of this year’s Award have been recognised at the BExA Annual Lunch which was held at Mansion House on 10th October.
The Winner of the Award was announced as Jonathon Moyce, owner and Director of Loving Pets UK Ltd. Jonathon brought together all the key elements that the judges were looking for in a winner: he started his own business, has designed products, and has grown his business exponentially since he founded it in 2014 – always with a clear focus on exports. The company currently exports to 11 countries and stocks with multinational vendors. Clearly happy to roll up his sleeves to do whatever it takes to make the business a success, Jonathon is a true export entrepreneur.
The Runner-up of the Award this year was Alessia Borrini, a Bid Manager at NMS Infrastructure Ltd, a managing EPC developer specialising in fully-funded infrastructure projects in Sub-Saharan Africa. Alessia’s role at NMS was initially focussed on supporting bid development in Francophone Africa, but having quickly developed a deep understanding of what is needed to win business abroad, the company now credits her with making a significant contribution to the winning of major contracts. With her remarkable insight and energy, Alessia has all the determination and potential to become a positive force for export.
The other finalists were:
George Hunter, Director of Sales at Coltraco Ultrasonics Ltd, a company which designs and manufactures safety instrumentation and monitoring systems across a range of markets including marine and power generation. Trading across borders is clearly in George’s blood and the passion and energy he demonstrated towards his work is the essence of a truly pioneering exporter.
Tom Wrigley, Vice President Business Development at Winch Energy, a global off-grid energy developer and technology integrator. Tom’s knowledge of Export Finance and enthusiasm for the political motivators that drive the business has meant that he has been front and centre of business development for some really vital projects in Africa.
Geoff de Mowbray, Co-Chairmen of BExA and one of the Award judges commented “Having met with these remarkable young people – all of whom are winners in their own right – I’m pleased to report that the spirit of UK exports is well and truly alive!”
L-R: Alderman Sir David Wootton, Jonathon Moyce, Marcus Dolman, Geoff de Mowbray, Alessia Borrini and Baroness Symons.
BExA launches today its 9th Annual Benchmarking of UK Export Finance entitled ‘Strategy and reality’.
Read the press release.
Download a copy.
BExA is extremely encouraged by the new Export Strategy launched today by the Department for International Trade (DIT). The positive intent it sets for UK exports and the challenging growth targets are welcomed.
We have long campaigned for a whole-Government approach to exports and we are pleased to see the Export Strategy sets out this vision for greater interdepartmental collaboration and unity. Our members will be enthused by the possibility of greater links between DIT and DfID to provide real value from our aid budgets for both the recipient country and UK business.
As a partner of the Exporting is GREAT campaign we welcome the commitment to enhance the website offering to act as a signpost for all of the information an exporter may require.
Ensuring that businesses have the right information at their fingertips to break down Exporting barriers, coupled with a joined up Government approach to export will enable the UK to meet its ambitious but achievable target of exports equalling 35% of GDP.
We are excited to work with DIT to ensure that the intent of the strategy is delivered in reality.
BExA member Trade Finance Global (TFG) has announced Shawn Chow, an Economics undergraduate at the University of Warwick, as the winner and recipient of the 2018 Trade Finance Global Accelerate Scholarship. Shawn was chosen from more than 2,000 applicants and will receive a £500 scholarship as well as a 5-week complimentary trade finance course from TFG.
As part of the competition and entry, participants were asked to write a thought leadership piece or review on an area of global trade. Click here
to read the full article.
BExA congratulates UK Export Finance (UKEF) on another solid set of results. Although the numbers of businesses supported and value of support fell from the previous year, the increase in the number of facilities written shows a continued growth in the use of UKEF products.
We will work closely with UKEF to realise their 2018-2019 objectives with particular focus on the product range review and marketing campaigns.
UKEF continues to be a real asset for UK exporters and is something to be proud of. BExA is pleased to see our recommendations coming to fruition and look forward to continuing our work in helping UKEF further improve their products and services.
The Annual Report and Accounts can be downloaded here.
The GTR-BExA Young Exporter Award brings recognition to a particularly capable young exporter. For more information about the award, entry criteria and to download a nomination form please click here.
Following a GTR-BExA Young Exporter roundtable event held in January, a follow-up article featuring BExA Co-Chairman, Geoff de Mowbray, and a number of Young Exporter Award winners, runners-up and finalists past and present has been published in the GTR+ UK 2018 supplement. The view the article online, please visit https://www.gtreview.com/supplements/gtr-uk-2018/roundtable-young-exporters-say/