Customs Freight Simplified Procedures (CFSP) are specific customs procedures for the import of certain goods into the UK. These include Simplified Frontier Declarations (SFD), Import Supplementary Declarations (SDI), Final Supplementary Declarations (FSD), Warehouse Removal Supplementary Declarations (SDW) and more.
Traders who wish to avail of CFSP must apply for authorisation from HMRC. Traders must have an electronic recording system, a good record of compliance with customs procedures and a duty deferment account before they can be authorised.
Authorisation can be difficult to attain from HMRC and the process can be time consuming. The advantage in using CFSP for traders is that they are not paying for taxes at the entry point and can account for their goods through supplementary declarations and final supplementary declarations at the end of the month.
HMRC recently announced that all declarations that have yet to be submitted this year must be submitted by using CFSP. From January 1st this year, traders had 170 days to complete the appropriate declaration for a given shipment. As UK ports were not checking for all declarations from January this year it has meant that many traders have a backlog of declarations that need to be cleared with HMRC.
This is a problem for traders who don’t or who can’t get CFSP authorisation. There may be penalties for traders who are not fully compliant with HMRC regulations in this regard and a full audit may be the result of incomplete or inaccurate declarations.
Custran offers a solution to this problem. For traders who have the correct authorisation, CFSP declarations can be made accurately and easily on the Custran platform. For traders who don’t have CFSP authorisation Custran can offer a solution that will clear all outstanding CFSP declarations.
If you have are in need of CFSP assistance or need further information, contact us today. Click here.