Companies trading oil, tobacco or alcohol products have only six months until the EMCS scheme becomes mandatory in the UK.
EMCS is a computerized structure for recording in real-time the movement of excise goods between EU member states, which have not yet been released for consumption and for which excise duties have yet to be paid.
The scheme is designed to replace the current paper-based system that accompanies such movements (the Administrative Accompanying Document, or AAD).
Some of the benefits of the new system for operators include optimization of internal excise processes, cost savings, increased shipping times and the standardization of information flows between operators and customs authorities.
The new system will simplify procedures and enable paperless administration and effective use of modern IT tools.
EMCS applies to alcoholic beverages, manufactured tobacco products and energy products and will affect mostly wholesalers who trade alcoholic drinks, according to AEB International, a dedicated provider of EMCS solutions.
Mark Brannan, General Manager of AEB International, said: “HM Revenue and Customs has delayed the introduction of EMCS in the UK until 1 January, 2011, which gives companies another five months to implement an appropriate solution.”
AEB’s solutions allow the user to discharge any e-AAD (the electronic form of the paper document), regardless of the member state in which it was submitted.
Edited by Jennifer Denby
For further details about EMCS, click here.