Important Customs updates
September 2023
The EU’s Carbon Border Adjustment Mechanism (CBAM) will enter its transitional phase as of
1 October 2023. EU importers of cement, iron and steel, aluminium, fertilisers, electricity and hydrogen will be required to report the carbon emissions embedded in their imports. The transitional phase will require only reporting of the emissions, with full implementation of CBAM from January 2026.
CBAM
30 September 2023 will see new a ban introduced in the UK and EU on imports of steel and iron products containing Russian inputs.
Traders must prove that the iron and steel products they import, including typical household and consumer goods, do not contain Russian inputs.
UK and EU sanctions on Russia
The new UK Internal Market Scheme (UKIMS) is due to replace the existing UK Trader Scheme on 30 September 2023.
The UKIMS will allow registered traders to move 'not at risk' goods through the virtual 'green lane' from Great Britain to Northern Ireland.
UKIMS
Our on-demand webinar covers how traders can take advantage of Free Trade Agreements to maximise duty savings.
This webinar is a must watch for any business or organisation importing goods into and/or exporting goods from the UK.
Webinar: Maximising duty savings
Watch now
The UK government published the final Border Target Operating Model (BTOM) at the end of August, setting out the proposed new model for managing the UK Border, detailing key changes from the previous draft version.
This will impact UK importers of animal, plant and food products.
Final BTOM published
From 20 September 2023, the Electronic Trade Documents Act 2023 (ETDA) will allow for the legal recognition of trade documents such as bills of lading and bills of exchange in electronic form, marking a key steppingstone in the transition to a globalised state of paperless trade.
ETDA
