snap shot of our consultancy and customs support services
Supply Chain Services
Letter of Credit Management
Letter of Credit Management
Our strong network of partners can assist with meeting your specific distribution requirements, including chilled, ambient and frozen distribution
· Distribution
· Warehousing
· Packaging
· UK overseas representation
· Customs clearance documentation
· Documentary collections
· Complete freight package
Including many more services, contact us today and find out what we can do for you and your business
Letter of Credit Management
Letter of Credit Management
Letter of Credit Management
Trade with confidence and minimize financial risk. We are able to arrange and manage letters of credit for import or export so you don’t have to worry.
Key Benefits:
· Safe and effective
· Peace of mind
· Reduces financial risk
· Flexible
· Provides financial security
· Enhanced credit position
· Letter of Credit: Preparation and Presentation
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Trade with confidence and minimize financial risk. We are able to arrange and manage letters of credit for import or export so you don’t have to worry.
Key Benefits:
· Safe and effective
· Peace of mind
· Reduces financial risk
· Flexible
· Provides financial security
· Enhanced credit position
· Letter of Credit: Preparation and Presentation
Fixed cost per letter of credit preparation & presentation GBP700 plus VAT
Retail Logistics
Letter of Credit Management
Retail Logistics
Retail logistics management is the process of the supply chain that is involved in plans, implementation and controls of ensuring the efficient and enhanced flow and storage of goods or services that can ably meet customers’ requirements.
We can offer you:
· Transport and storage solutions
· Distribution
· Processing
· Clearance
· Sourcing and buying consultants
Customs special procedure applications & support
Customs Special Procedures To promote economic activity, many countries offer the possibility of using Customs Special Procedures.
These Special Procedures allow you to store, process, repair, or temporarily use goods and receive suspension or even relief from customs duties and taxes
- Customs warehouses are privately owned with a designated area controlled by customs authorities that is used solely for imported goods. These goods are exempt from duties, taxes, and other customs charges until they leave the warehouse. This Special Procedure is beneficial to any companies that use distribution centers, especially for stock that may remain on the shelf for longer periods of time.
- Inward Processing provides relief from import duties and taxes for goods that will then be re-exported after having undergone manufacturing, processing, or repair. This Special Procedure can result in significant savings for companies that source materials from all over the world to make products for export.
- Outward Processing is the opposite of Inward Processing. It provides duty relief on goods that are temporarily exported for processing or repair, then re-imported as processed products. Using this Special Procedure, companies do not have to pay duty on the original value of the raw materials; they must only be paid on the value added abroad.
- Temporary Admission allows goods to be brought into a country temporarily, typically for less than 24 months, with total or partial relief from import duty. This Special Procedure is often used for events like trade shows, art exhibits, or music festivals.
- End Use Relief reduces or eliminates customs duty on certain imported goods which meet defined criteria and are put to a specific use within a set period of time. This Special Procedure only applies to certain tariff codes, such as goods in the aerospace, shipbuilding, and defence industries.
In order to use Special Procedures, you must obtain an authorisation from customs authorities. This can take up to six months and you will have to demonstrate your ability to comply with special administrative requirements.
Tradeadvisor Team can off customs compliance solution, provides all of the administrative proof required by customs authorities in order to use Special Procedures.
Contact us today to find out how you can save on duty costs and VAT reliefs
Customs Warehousing Application
Customs warehousing allows the owner to hold imported goods in the UK and choose when he pays the duties or re-exports the goods. The amount of working or processing allowed on goods held in warehouses is limited essentially to keeping them preserved with a view to subsequent distribution. However, it is possible to process goods under inward processing or processing under customs control on the premises of a customs warehouse.
Get expert support with your application to use customs warehousing so that you can optimise your import processes as well as suspend import duty and VAT payments.
Inward Processing Application
Inward Processing Relief (IPR) is a customs regime which allows goods to be imported into the UK for processing without paying Customs Duty and VAT on the initial movement. 6 months into Brexit the reality of the Brexit Free Trade Agreement brings many challenges for manufacturers and businesses carrying out repairs.
IPR provides relief in many ways by mitigating unwanted additional Duty costs and protecting against import VAT risks in certain situations. For businesses moving goods backwards and forwards between the EU/ROW and UK, and in the above categories.
IPR must be a serious commercial consideration. Customs Duty charged on entry from ROW to UK. Unless goods meet rules of origin under FTA, Customs Duty charged again on entry to the EU. Double duty cost. Where the importer does not own the goods (e.g., repairs) the import VAT is irrecoverable.
The current HMRC policy is that only owners of goods can reclaim any import VAT.
As goods imported for repair would not be subject to a sale and transfer of ownership any VAT recovered is at risk of assessment for being incorrectly claimed. Let our team of experts can guide you through the application and submission processes.
Outward Processing Application
Outward processing means that goods may be exported from the customs territory of the UK in order to undergo processing operations.
The processed products resulting from these goods can be re-imported and released for free circulation with total or partial relief from import duty.
Outward processing, the import duties on the re-imported products are calculated only on the basis of the value resulting from the processing operation undertaken in the country overseas.
Outward processing procedure is designed to give businesses the possibility to take advantage of benefits such as lower labour costs or specific technical expertise in overseas countries. An authorisation from the customs authorities is required for the use of the outward processing procedure.
The main requirements to obtain such authorisation are:
- To be established in the customs territory of UK and
- To provide necessary assurance of the proper conduct of the operations.
Let our team of experts can guide you through the application and submission processes.
AEO Application
The AEO scheme has been adopted by customs authorities to facilitate trade, improve safety and security and standardise the application of customs controls. It is an internationally recognised quality mark proving a business's role in the international supply chain is secure and their customs procedures are compliant.
Our team of experts can assist and support you through the whole application process fixed cost per application .The AEO scheme is a program established by customs authorities to simplify trade, improve safety and security, and standardize the application of customs controls. It is a quality mark that is recognized internationally and demonstrates that a business's role in the international supply chain is secure and their customs procedures are compliant.
Our team of experts can assist and support you throughout the entire application process, and we charge a fixed cost per application.The AEO scheme is a program established by customs authorities to simplify trade, improve safety and security, and standardize the application of customs controls. It is a quality mark that is recognized internationally and demonstrates that a business's role in the international supply chain is secure and their customs procedures are compliant.
Our team of experts can assist and support you throughout the entire application process, and we charge a fixed cost per application.
FUNDING to assist traders
Traders have the opportunity to secure funding for trade. Funding can include consultancy and other international commercial services.
Please contact our training team for guidance:
training @tradeadvisor.org.uk.
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