The global economy has led to many businesses trading in increased volumes internationally, both import and export and the scrutiny of cross border flows becomes ever greater. Add the uncertainty of Brexit and concerns over future trade agreements with the new Union Customs Code (UCC) and it is no wonder that tax teams are seeking third party, external support.

Our specialist team work with clients, often by completing and initial review of processes and procedures. Our work includes inward and outward processing relief, classification and commodity codes, trade preference agreements and binding tariff information.

Following an initial review, we can then consult on appropriate supply chain structure and consider opportunities to mitigate cost.

Finally, we can provide support in training and work alongside clients who may be subject to inspection.

Quote from Chris Weston"The Government estimates that in 2016, UK imports and exports from and to the EU totalled £553bn with in excess of 200,000 UK businesses trading within the EU. Leaving the EU and it would appear the Customs Union will be concerning for many. For a lot of those 200,000 businesses they will have to deal with not only the duty cost but also the administrative cost of having a customs border between them and their customers. This is likely to increase the cost of some goods and change certain supply chains. This is against a back drop of the UK CHIEF system already being under enormous strain it is unlikely that the system will be able to take the additional strain without significant upgrade."
 Chris Weston, Senior Manager, Dains Accountants