The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
Please note that the procedure outlined below ceased to be applicable when the Union Customs Code was introduced on the 1 May 2016. Please see the Union Customs Code - Customs Special Procedures - authorisation and other guidance notes in the Union Customs Code subtopic for more information on the current rules.
This guidance note provides an overview of the procedure that needs to be followed in order to be authorised to use PCC in respect of goods entering the EU. This note should be read in conjunction with the Processing under Customs Control (PCC), PCC - importing goods, PCC - transferring goods and PCC - disposing of the goods guidance notes.
There are four types of authorisation available and the type of authorisation required will depend on the nature of the activities undertaken by the applicant and whether CFSP is used.
The authorisation period will normally last for a maximum of three years, but it can be granted for longer periods if necessary in order to meet the business' requirements. The business will need to be able to provide satisfactory evidence regarding why the three year period will not be acceptable. For some types of authorisation a retrospective authorisation might be granted going back a maximum one year (see below).
If the processing work undertaken requires that the goods are subject to an economic test (see below), the authorisation period may be less than three years, or it may be subject to periodic examination in order to ensure that the economic conditions have not changed.
The following must be satisfied before an importer can use simplified authorisation:
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