As of 1 May 2016, the Union Customs Code (UCC) finally enters into force.
The Union Customs Code (UCC) was adopted on 9 October 2013 as EU Regulation No 952/2013. It is treated as a general guideline. However, the UCC was never really applied in practice. As per 1 May 2016, the UCC rules will now finally enter into force.
History and implementation
It was a hard working process by the EU Commission and the EU Member States. The modernised UCC has two additional pillars:
http://ec.europa.eu/taxation_customs/customs/customs_code/union_customs_code/index_en.htm
In addition, the Transitional Delegated Act includes a transition period until 31 December 2020 for certain areas which need to be considered. The above mentioned provisions are the pillars of the UCC.
Goals
The UCC sets the following goals:
What is new per 1 May 2016?
Who is concerned in Switzerland?
Swiss businesses with existing operations in the EU and/or planned cross border transactions within the EU need to consider and to review their transactions with regard to UCC conformity.
If you are you interested in Customs advisory services and/or Customs trainings, we are happy to support you. The tax experts of MME Tax are anytime at your disposal for an informal discussion.