Thomas Swan awarded Authorised Economic Operator Status by HM Revenue and Customs

Thomas Swan & Co. Ltd., one of the UK’s leading independent speciality chemical manufacturers, has announced that the company has been awarded AEO (Authorised Economic Operator) status by the UK’s HMRC. The application for, and subsequent granting of, AEO C (customs simplification) status is designed to improve the company’s export and import procedures and in preparation for BREXIT.

AEO is an internationally recognised quality mark relating to customs and security. It demonstrates that Thomas Swan’s role in the international supply chain is secure and that it has customs control procedures that meet UK and EU standards.

This important milestone should benefit the company and its customers in a number of ways:

• faster application process for customs authorisations
• consignments will receive priority treatment for customs controls
• lower risk score may reduce the number of customs checks
• reduced declaration requirements for countries outside the UK and EU
• reciprocal arrangements and mutual recognition with countries outside the EU.

David Herron, the Supply Chain and Logistics Manager at Thomas Swan, commented: “We are really pleased with the granting of AEO status. It should enhance our service to our international customers and help to maintain business as usual with all of our customers, stakeholders and partners in the post-Brexit era”.