Inward / Outward Processing
clients report an average of 10% import duty legally avoided each year and B2C export sales increased by 17%
If your supply chain involves importing and exporting you may be paying duty unnecessarily.
Raw materials, parts, components etc. that are imported to be manufactured into a final product for export may be exempt from import duty and VAT.
Likewise, if you export a partially manufactured item to be processed and then bring it back to the UK to be finished you’ll pay duty at re-import on charges made for repair or replacement, plus any inward shipping and insurance costs you pay for the return of the goods but not on the value of the goods themselves.
Read the Jacqueline and Edward Case Study to learn how Inward and Outward Processing benefitted their bottom line, cash flow and increased export orders.
This service includes;
- Applying for the authorisation from HMRC
- Clear written guidance on how to execute imports / exports using the authorisation
- Supervision of the first quarterly discharge