Importing any product into the UK can be complicated and there are a lot of things you need to get right before you start. 2024 is going to see a lot of changes relating to how goods are brought into the UK so it’s important to stay up to date to ensure that you comply with the latest legislation. Below are our top tips for successful imports.
- The question most importers want an answer to is “How much duty will I have to pay”?
The two principal factors that determine the rate of import duty are the commodity code (also known as the HS code) and where the product was manufactured (which may not be the same country it is bought or shipped from).
For more information on these topics you can read our free Downloads.
- You may be able to defer or claim back import duty under certain circumstances so it’s important to understand if you could use one of the Special Procedures to benefit your cash flow.
- Once the correct commodity code / HS code and the origin of the product have been identified you need to agree the Incoterms with your supplier so you understand your responsibilities and which costs you’re liable for relating to delivery.
If you’re not familiar with Incoterms or need a refresh check out our easy-to-follow webinar.
- It’s important to work with the right transport company and customs broker for your particular product and the region you’re importing from.
- Getting the correct information from your supplier for the customs declaration can also be a challenge sometimes.
The International Trade Consultancy has many years of experience ensuring smooth imports for our clients from all over the world. We guarantee customs compliance and cost-effectiveness – for examples have a look at successful projects we’ve completed for British and international manufacturers to date.
To find out how we can help you, sign up for a free consultation today and enjoy the peace of mind that working with an international trade expert provides.