Glossary
Glossary of Brexit terms
Following the EU referendum held in the UK on 23 June 2016, many new pieces of Brexit-related jargon has entered popular and commercial use.
AEO
Authorised Economic Operator
Article 50
Article 50 of the Treaty on European Union specifies the procedure of withdrawing from the European Union
Authorised Consignee/Consignor
HMRC ratified locations for the production of transit documents
Carrier
Generic term covering Shipping Lines, Ferry Operators & Hauliers
CDS
The Customs Declaration Service is HMRC’s new declaration platform
CFSP
Customs Freight Simplified Procedures
CHIEF
The Customs Handling of Import and Export Freight system currently processes declarations
Commodity Code
A series of numbers (10 for Import) (8 for Export) which classifies goods
CTC
Common Transit Convention is used to move goods cross border between EU member states under customs control
CSP
Community Systems Providers are commercial entities that interface with HMRC at borders and ports
Core Export Process
Refers to minimum requirements for the movement of goods from the UK to the EU
Core Import Process
Refers to minimum requirements for the movement of goods into the UK from the EU
CCG
A Customs Comprehensive Guarantee is used to cover multiple customs debts arising from customs procedures
Customs Intermediary
Freight Forwarders, Agents, Customs Brokers acting as a third party
Customs Union
The European Union Customs Union (EUCU) is a customs union which consists of all the member states of the European Union
Declarant
The person with responsibility for any Import
DEP
Designated Export Place
Duty deferment
Allows the payment of charges/taxes due to be deferred
EAD
Export Accompanying Document
EIDR
Entry in Declarant’s Records
EORI
An Economic Operators Registration and Identification number is a requirement for all businesses moving goods in and out of the UK
ENS
Entry Summary Declaration
Exporter
The Exporter is the business responsible for exporting goods from the UK
GMR
Goods Movement Reference
GVMS
Goods Vehicle Movement Service
Haulier
The Haulier is the person transporting goods by road
Importer
The Importer is the business responsible for importing goods to the UK
INCO terms
Commercial terms that define the legal responsibilities on the buyer and seller of any goods
Postponed VAT Accounting
Businesses registered for VAT in the UK are able to account for VAT on their returns, instead of paying at border
Pre-lodgement model
Alternative to ports who do not have space to operate the
Temporary Storage model
This choice is not mandatory
RO-RO
Roll on, roll off ferry services
S&S
Safety & Security Declaration
TAD
Transit Accompanying Document
TIN
Trailer Identification Number
VRN
Vehicle Registration Number