DCTS - HMRC Guidance

The Developing Countries Trading Scheme (DCTS) comes into force on 19th June. The DCTS replaces the GSP system for trading preferences for imports from developing countries.

The BRC and its members have ensured HMRC reduces the burden on businesses and risk of missing the preferential rates by allowing a transition for country of origin statements under the previous GSP scheme. Attached is the final version of the HMRC guidance which reflects our discussions with them