TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

New Customs Action Plan set to make customs union smarter, says European Commission

In the latest developments on the customs front, the European Commission has launched its new Customs Union Action Plan, set out with 17 actions to make EU customs smarter, more innovative and more efficient. The Commission says that this action is in response to reported fraud linked to customs duties and VAT as well as the smuggling of illicit goods into the EU. The Commission is set to implement some of the first steps under this initiative as early as October 2020.

The revamp actions in the Customs Action Plan comprise of four key areas:

  1. Risk management
  2. Managing e-commerce
  3. Promotion of compliance
  4. Customs authorities acting as one

Some key initiatives under these headings include setting up a new analytics hub, new customs reporting requirements for platforms, a single window environment for customs, modernised customs equipment, Union Customs Code evaluation, and international customs cooperation.