Notice

NTE 2023/23: compound settlement

Published 1 December 2023

漏 Crown copyright 2023

This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit or write to the Information Policy Team, 皇冠体育app National Archives, Kew, London TW9 4DU, or email: [email protected].

Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned.

This publication is available at /government/publications/notice-to-exporters-202323-compound-settlements/nte-202323-compound-settlement

Introduction

Between August and November 2023, HM Revenue and Customs (HMRC) issued compound settlement offers to three UK exporters totalling in excess of 拢77,000.00.

皇冠体育appse settlements relate to unlicensed exports of Dual Use goods and related activity controlled by 皇冠体育app Export Control Order 2008 and a breach of 皇冠体育app Russia (Sanctions) (EU Exit) Regulations 2019.

皇冠体育app settlements

皇冠体育app three settlements made by UK companies were:

  • August 2023 - 拢67,001.31 was paid in relation to the attempted export of goods in breach of 皇冠体育app Russia (Sanctions) (EU Exit) Regulations 2019

  • September 2023 - 拢1,000 was paid relating to the attempted export of Dual Use goods controlled by Retained Regulation 428/2009

  • September 2023 - 拢9,088.99 was paid relating to the unlicensed exports of Dual Use goods controlled by Retained Regulation 428/2009

In response to Russia鈥檚 invasion of Ukraine, the UK has put in place an unprecedented package of sanctions aimed at cutting off funding for Putin鈥檚 war machine, inflicting economic cost at scale and showing solidarity and support for Ukraine.

  • to date the UK has sanctioned over 1,600 individuals and entities, including 29 banks with global assets worth 拢1 trillion, 129 oligarchs with a combined net worth of over 拢145 billion, and 96% (over 拢20 billion) of UK-Russia trade

  • non-compliance with sanctions is a serious offence and punishable through large financial penalties or criminal prosecution

  • the UK is committed to maintaining international efforts to ensure sanctions are effective, investigate activities that support circumvention and act accordingly. Departments from across HMG [including FCDO, HMT, OFSI, HMRC, HO, and NCA] will continue to work together and with UK companies to ensure that sanctions are enforced

  • on 13 March, the Prime Minister announced a new Economic Deterrence Initiative (EDI) which will tackle sanctions evasion across the UK鈥檚 trade, transport and financial sanctions

  • an additional 拢50 million in funding will be available to improve enforcement of the UK鈥檚 sanctions regime, working with our key partners that are building capacity and capability within their own systems

  • the new G7 Enforcement Co-ordination Mechanism, announced in the February G7 Leaders statement, will enable the international community to tackle sanctions enforcement together

Back to top