A half day course that clarifies these two Special Customs Procedures that enable businesses to avoid duty and taxes on goods received for processing or repair, or sent overseas for processing or repair and return.
The basic principle of the procedures is to allow UK exporters & import processors to be more competitive by reducing their costs. Processes that are permitted include manufacturing, sorting and packing, repair and refurbishment.
Authorisation is required from HMRC to use the processes and HMRC impose strict obligations on those using the procedures. Those applying for authorisation will therefore need to demonstrate they have robust compliance procedures in place and this workshop will take you through those procedures.
This course will cover:
- Reasons for using IPR & OPR
- Conditions for using the procedures
- Effects of the new Union Customs Code
- What constitutes a "process"
- How to apply
- Conditions of Use
- Role of third parties
- How it works in practice
- Discharging your liability
- Record keeping
What's in it for me?
This course will enable you to navigate the details and procedures of inward and outward processing to minimise customs challenges and issues around duty and VAT when temporarily moving goods from one nation to another for a temporary processing purposew. During the course of the workshop, delegates are encouraged to discuss challenges specific to their own business, as part of the learning process. All information shared is treated with utmost confidentiality.
This course will be one day and delivered as a webinar via Zoom. Delegates will be provided with copies of guidance notes electronically. Webinar login details will be provided on booking. The course is delivered by a qualified Graduate Member of the Institute of Export (MIEx Grad).
Who should attend?
The workshop is essential for employees who are exporting/importing on a temporary basis to process goods and are looking to minimise customs issues and goods movement delays.