Notice

NTE 2023/23: compound settlement

Published 1 December 2023

© Crown copyright 2023

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Introduction

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

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

The settlements

The three settlements made by UK companies were:

  • August 2023 - £67,001.31 was paid in relation to the attempted export of goods in breach of The Russia (Sanctions) (EU Exit) Regulations 2019

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

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

In response to Russia’s invasion of Ukraine, the UK has put in place an unprecedented package of sanctions aimed at cutting off funding for Putin’s 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 £1 trillion, 129 oligarchs with a combined net worth of over £145 billion, and 96% (over £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’s trade, transport and financial sanctions

  • an additional £50 million in funding will be available to improve enforcement of the UK’s 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

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