MCC - Self-Assessment

If a company is AEO approved this “Self Assessment” simplification will permit the company to:
bring goods into the EU without a financial declaration at import (though a security declaration will be required – ie summary declaration) the company will then submit a monthly declaration of duty liability (similar to the VAT returns currently in place) and payment of duty and VAT will be made periodically (monthly/quarterly as approved).

There are still issues to be agreed on this simplification and the actual implementing provisions (which tells us how to use this procedure) are not in place.