Scottish companies which import goods into the UK or EU are being urged to prepare themselves for new customs duty arrangements which come into force next year.
The prompt comes from professional services specialist Baker Tilly, which is warning that, from 1 May 2016, the current regime will be replaced by the new European Union Customs Code.
According to the firm, all importers can expect the following changes:
an increase in the financial guarantee required;
the absence of Authorised Economic Operator (AEO) accreditation may result in additional cost;
duty liability of royalty payments;
customs valuation changes.