Temporary Admission (TA)

Sterling

British currency (GBP) — Sterling is the unit of currency of the United Kingdom.British currency (GBP) — Sterling is the unit of currency of the United Kingdom.

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Tariff suspension

Certain goods benefit from a temporary suspension or reduction of Customs Duty. This is designed to allow manufacturing industries within the EU to compete on equal terms with non—EU producers of finished products. It permits the complete or partial suspension of import duties on components or raw materials for further processing. For further information, please

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Trade and co—operation agreement (TCA)

The EU—UK Trade and Cooperation Agreement concluded between the EU and the UK sets out preferential arrangements in areas such as trade in goods and in services, digital trade, intellectual property, public procurement, aviation and road transport, energy, fisheries, social security coordination, law enforcement and judicial cooperation in criminal matters, thematic cooperation and participation in

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Substantial transformation

Goods whose production involved materials from more than one country, are considered to originate in the country where the most recent substantial or sufficient transformation occurred. For instance, goods being converted from one commodity code to another.

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Simplified Frontier Declaration (SFD)

When a business/trader is authorised to use Customs Freight Simplified Procedures (CFSP), goods that arrive from outside the UK (previously outside EU), an initial simplified frontier declaration (SFD) is submitted by the trader to allow the release of the goods. The Simplified Frontier Declaration is part of the customs declarations on the TSS simplified journey.

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