International Trade Solutions Ltd - Managing Risks and Minimising Customs Costs

Greetings!

 

Businesses continually focus on reducing costs and improving margin.  Finance Departments are likely to have looked time and again at general tax planning and cost cutting strategies.  The opportunities for customs reclaims are often fresh and likely to yield some easy wins.  Our 60 Second Guide to Customs duty reclaims gives you a quick take on the process for recovering customs duties and tips on how to succeed with any applications.

 

We are continually looking at ways of improving our website and have added an archive of previous newsletters packed with explanations of customs developments and articles on reducing customs costs and managing customs compliance risks.  We hope you will find this a useful resource.

 

Finally, I draw your attention to our article on Customs Notices are not Customs law.  A recent tribunal decision has commented on HMRC's tendency to gold plate some customs regulations and how it pays to strip issues back to the actual terms of the regulations.

60 Second Guide to Customs Duty Reclaims   

 

As well as making claims for repayment of customs duties businesses can also apply for remittance of duties, i.e. asking the authorities to waive all or part of an amount of customs duty.

 

How far back can I go in making a customs duty reclaim? 

Importers can reclaim overpaid customs duties going back up to three years.

 

The time limit, form to be used and place to send the application will vary depending on the grounds of claim (see table below).

  

 Please read the full article.....

 

 

 

 

 

International Trade Solutions has developed a series of

FREE White Papers written specifically with businesses in mind.

 

Our NEWS Section on the ITS website contains the latest developments in Customs Law and Practice to keep you up-to-date and to help you identify risks and implement cost savings. 

February 2012

This Issue 

 

A Reminder That Customs Notices Are Not Law 

 

Importer Caught Out by Sudden Increases to Duty Costs

 

Classification Update February 2012

 

Anti Dumping Duty Update February 2012

Get in Touch
for a FREE Consultation

 

RJ

Rob Jenkins
Managing Director

If you would like to discuss any of these issues or if you have any other related enquiries then please call me on 01905 619229 or send me an email here     

Connect with Rob via the  LinkedIn logo below

Have you seen our 'Managing your Customs Costs' Presentation on our LinkedIn Profile?

 

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Rob Jenkins LLB (Hons)

International Trade Solutions Ltd

+44 1905 619229