Plain paper Certificates of Origin

It has been agreed that from 1 April 2023 the UK Issuing Body Network will move to plain paper Certificates of Origin. This means that exporters will no longer need pre-printed Certificates of Origin as the entire certificate will now be printed. These must be printed in colour with a watermark and of a standard that is acceptable to customs authorities.

The electronic providers have been made aware of this decision and will update their systems as necessary.

We have asked whether manual certificates of origin can still be applied for and as soon as we have an answer we will share details with you.

If you have any questions, please do get in touch with the International Trade team on 01223 237414.

mortgage costs, peak heating bills, council tax increases, ongoing food inflation, plus the stubbornly high cost of filling up a car. The cost of living crisis will dampen demand for the first five months of 2023. We are nation of spenders and there maybe something still left of the billions saved during covid to find outlets for in the summer months.

Exchange Rate Forecasts

Forecasters are notoriously inaccurate for any given date however a range of opinions forecasts Sterling against the US Dollar to trade between 1.1650 to 1.2650 and against the Euro 1.1050 to 1.2150 through 2023.

Exporters have been benefiting from the depreciating pound, however alongside importers reviewing the costs being incurred and the strategy of managing currency exposure becomes even more important. As such, specialist support as provided by companies like Ascendant, can fill a gap not provided by larger financial institutions.

For more information on how Ascendant can benchmark your current supplier and to hear about how we are reducing the cost of foreign exchange for local businesses, contact karen.benson@ascendant.world