Types of AEO Status

The UK government recently published more detailed information on types of AEO status that can be applied for and the benefits of each. 

Authorised Economic Operator (AEO) status is an internationally recognised quality mark that shows your business's role in the international supply chain is secure and has customs control procedures that meet UK and EU standards. 

Businesses who currently trade with the EU can apply for AEO status in preparation for 1 January 2021. The authorisation will not become valid until 1 January 2021. 

There are 2 types of AEO status:

• Authorised Economic Operator customs simplification (AEOC)
• Authorised Economic Operator security and safety (AEOS)

Businesses can apply for either AEOC or AEOS or both

AEOC

If a business holds this status they are able to benefit from:

• A faster application process for customs simplifications and authorisations
• A reduction or waiver of comprehensive guarantees
• A 70% reduction in a business's deferment account guarantee
• A notification waiver when making entries into a declarant's records
• Moving goods in temporary storage between different member states
• Your consignments received priority treatment for customs controls
• A lower risk score which many reduce the number of checks customs carry our on your documents and goods

AEOS

If a business holds this status they are able to benefit from:

• A lower risk score which may reduce the number of checks customs carry out on your document and goods
• Your consignments receiving priority treatment for customs controls
• Reduced declaration requirements for entry and exit summary declarations for countries outside of the UK and EU
• Reciprocal arrangements and mutual recognition with countries outside of the EU