Imports are often the one area where the assumption is that we have to pay whatever we are charged.
Part of the supply chain is to ensure that purchase orders are placed in the correct way, with the applicable Incoterm used. A forwarder is nominated to clear the consignment and it is then your responsibility to ensure that the entries into HMRC are made correctly.
What about import regimes where there is duty/tax relief on imports that are not staying in the EU? There needs to be a strict process in place to manage these but it is worth it when you are able to save money.
Exhibitions and demonstration equipment often cause issues for businesses when they tie themselves up in knots and end up paying dearly for it.
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Compliance Health Check
Being compliant with HMRC should be high on the agenda at all levels in a business.Exporter Services offer a Compliance Health Check for your business; we take a thorough look at your processes, hig...