The Chartered Institute of Export & International Trade is launching a new set of advisory services, all designed to help traders grow their trade and protect their businesses.
As tariffs imposed by US President Donald Trump continue to roil international trade chains and wider geopolitical events hit global supply chains, the Chartered Institute is adding to its professional services package.
The new Advisory Services are designed by leading trade experts and are designed to empower global traders in this complex business environment.
1. International Trade Surgery
Users of this service can be provided with swift answers to their most pressing trade compliance questions with a focused consultancy. This tailored advice session can last either two hours, half a day or a full day, depending on the individual needs of the business.
The surgeries are designed to boost compliance by providing clear and practical guidance, as well as unlocking global growth.
2. Customs and Trade Compliance Health Check
A full compliance health check is now on offer, providing a comprehensive list of tailored recommendations.
This expert-led audit is designed to help businesses meet all HMRC, customs and tax compliance requirements, and to reduce risk exposure.
The Health Check provides a report containing recommendations on how to strengthen customs operations, as well as guidance on making improvements and addressing future compliance needs.
3. Customs Audit Preparation and Post-Audit Mitigation Support
In this service, expert trade consultants from the Chartered Institute will provide support to reduce the risk of HMRC penalties. Consultants will also assist with accuracy and transparency across internal processes.
The customs support package also aids in resolving any audit findings quickly, with responsive and knowledge guidance.
4. Duty Optimisation and Risk Reduction Review
For traders thinking about the best way to optimise their duty costs, this review offers a chance to find savings from any previous overpayments, and to proactively correct any underpayments.
With duty payments, strengthening risk-management is key. This review offers the chance to optimise use of the customs duty procedures and free trade agreements, and avoid the risk of additional penalties and fines.
5. Ongoing Retained Advisory – 'Your Trade Partner'
‘Your Trade Partner’ is a retained advisory package, offering long-term access to the Chartered Institute’s experienced team of trade experts.
It gives timely regulatory updates, strategic planning advice and a full package of support for traders looking to improve their operations.
The proactive and highly personalised guidance is invaluable to businesses looking to survive and thrive during this time of geopolitical uncertainty.
6. Northern Ireland Trade and Compliance Services
For traders doing business in Northern Ireland, this dedicated service helps navigate trading between Northern Ireland and Great Britain.
With the possibility of government-funded consultancy support, this service helps traders understand the opportunities coming as a result of the Windsor Framework.
- Businesses based in Northern Ireland can learn how to maximise this unique dual access to UK and EU markets
- Traders situated in Great Britain will receive guidance on NI-specific customs processes
7. Export Controls and Sanctions Compliance
The topic of sanctions and export controls is forever expanding, with new rules and regulations coming daily. With increased criminal sanctions and financial penalties, this area is riskier than ever for many UK businesses.
The Chartered Institute’s compliance package is structured to ensure traders are compliant with these rules, keeping them ahead of the latest changes and protecting businesses from the penalties and reputational damage.
Our experts work with traders to design and implement a robust compliance framework. The Chartered Institute also empower traders to identify and address risks of non-compliance with our ongoing monitoring service.
8. Customs Declarations Software Implementation Support
New software brings both risks and opportunities.
To support traders navigate this, the Chartered Institute is offering guidance on how to safely and effectively implement new customs technology.
Expert support helps traders reduce the risks of bringing in new technology from the start. This can improve their return on investment and avoiding the delays that come with implementing new IT solutions
9. Customs Authorisations and Special Procedures Optimisation
Customs authorisations and special procedures are one of the ways many international traders can improve their bottom line and speed up their customs processes.
The Chartered Institute’s leading experts help streamline customs authorisations and special procedures, simplifying processes and improving management of procedures like inward and outward processing, and customs warehousing.
