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AEO - what are the basics?

Authorised Economic Operator (AEO) standards are an internationally recognised kitemark, which are awarded by Customs once a business is deemed to be a safe and secure link within the global supply chain.

HMRC Love a Penalty

Although we are all used to HMRC applying penalties on VAT errors, they have typically used their powers of applying civil penalties rather sparingly in the past where they have been duty underpayments, saving these for persistent offenders.