Spring Budget 2023 customs measures – what you need to know

On 15 March 2023 the government announced a new package of customs measures for UK traders as part of the chancellor’s Spring Budget.

The government said that these measures are “intended to simplify customs import and export processes for traders, taking advantage of new freedoms following EU exit whilst at the same time upholding the UK’s high regulatory and security standards at the border.”

The Institute of Export & International Trade hosted a free webinar on Tuesday 28 March informing businesses about these new measures and their implications for trade.

The webinar covered:

- Simplifications to customs and excise authorisations
- Possible changes to customs declaration processes and transit procedures
- Changes to guarantees for special procedures, temporary storage and duty deferment
- How Advanced Valuation Rulings could operate
- What a ‘voluntary code for customs intermediaries’ might look like and mean
- What the new package means for the Target Operating Model and Single Trade Window