A handful of selected traders participated in an intense 3-hour session on Friday morning, covering the complex structure of the Export tariff for
CDS, the differences with
CHIEF
and the guidance available on gov.uk.
The move to CDS is driven by a European move towards the European Union Customs Code and Data Integration Harmonisation rules, which remove the old SAD boxes. This makes CDS completely different from CHIEF.
The new Export Tariff together with the new CDS system introduces major changes to how traders submit export declarations. CDS sees the introduction of new declaration categories, additional data points required and the removal of blanket statements such as LIC99 to override licences.
To help traders, HMRC intends to launch a web portal, the CDS equivalent of the current CHIEF NES Web, to allow traders to input export declarations directly into HMRC without the need for 3rd party software. The beta testing for the new portal will extend until Apr 22.
There is extensive guidance on gov.uk to cover the changes that are being introduced such as step-by-step guides and completion rules. Nevertheless, traders will still have a significant task in upskilling their knowledge to ensure they are ready for CDS and remain compliant when submitting export declarations.
Guidance on how to navigate Volume 3 – CDS Export can be found on gov.uk
While you are here you may be interested in some Strong & Herd LLP training courses related to this topic, we offer a wide range of high quality training courses to support all importing and exporting activities.