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 HMRCā€™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

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