HMRC compliance is not optional. Following a £6.4 million settlement by Airbus for export control breaches, now is the time to review your procedures, staff knowledge and international trade processes.

Airbus Operations Limited has paid a record £6.4 million compound settlement

Is your business operating compliantly with HMRC. As a business owner, CEO, FD or management are you aware of the compliance essentials that your business needs to adhere to. From basic record keeping to strategic controls.

Do your staff have a solid insight into what is required to be held by your business, are sales and purchasing using the correct INCOTERMS to trade efficiently and understand the origin rules for your goods. Are commodity codes being assessed regularly, these provide a strong basis for understanding how your goods are imported and exported. Is finance utilising the Government Gateway tools and have other staff access on a user basis to improve productivity.

All these questions need to be asked, as compliance is top priority and no business wants to be in these situations.

Why not attend our Bootcamp sessions and learn firsthand – act now funding available 10 sessions £300 saving £2700

Contact: h.ford@chamberelancs.co.uk on 01254 945903

https://www.gov.uk/government/news/aircraft-manufacturer-breached-strategic-export-controls?utm_medium=email&utm_campaign=govuk-notifications-topic&utm_source=7fd9a8ae-e501-439e-91aa-382f7c6ce07c&utm_content=weekly