Customs duty and VAT can be postponed on the importation of goods through the use of customs warehousing as the payment of duty and VAT will be deferred until the goods are removed from the warehouse (whether physical or virtual – controlled by software).

If goods are re-exported, the use of a warehouse can relieve the charges entirely, producing real cash savings.

A customs warehouse does not have to be a physical building as stock can be controlled through accounting and reporting systems.  Therefore, it is possible to include stocks held at your customers’ premises under the warehouse regime and delay payment of duty until they are called off.

Please note that if you hold consignment stocks or call off stocks in European Member States you may be required to register for VAT to account for the supply of the goods after 1 January 2021.  This may require the appointment of a Fiscal Representative.

If you wish to apply to use a customs warehouse you will need prior approval from HMRC.

Customs warehousing must be used with IPR and/or OPR.

How we can help

We can help you to determine the potential costs/benefits of customs warehousing and assist with the implementation, the administration and the controls required.  This includes the submission of declarations for goods removed from the process.

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We also offer...

VAT & Customs Helpline

  • Set fee for first half hour
  • Reduced consultancy fees
  • Agreed fees for work

Customs Retainer

Set monthly fee for telephone advice.

Claims/disputes

We are able to assist businesses in dealing with disputes arising from HMRC inspections or queries.

Training

We can provide bespoke training to suit the requirements of your business on both VAT & Customs issues. 

International Network

We have an international network of advisers who can provide advice and support as required.

Get in touch? 

We would welcome the opportunity to discuss your needs with you.  For a free introductory discussion please contact Terri Bruce tel: 07929 186391 or complete our enquiry form and we will get back to you.