Customs Warehousing enables importers to defer the payment of customs duties and import VAT to from time of import to time of call off for sale or manufacturing. This provides a number of key benefits including:
Cash-flow savings from deferring the duty point to call off
Absolute customs duty and import VAT savings on the re-export of goods
Cash-flow savings on goods sent to other EU Member States
Greater flexibility in determining the customs duty treatment of your goods making it easier to operate other customs duty reliefs
The implementation of customs warehousing is a significant investment and is likely to require you apply for Customs Freight Simplified Procedures (CFSP) so as to avoid any delays in releasing your goods. Going through this process does have the benefit of improving transparency and risk management and may highlight further savings.
"Rob is results focused so as to deliver the customerexpectations. He is personable and was a pleasure towork with." Yvonne Mulvany, Owner YMW Consultancy Ltd
"Rob has provided customs advice on many occasions,always demonstrating deep knowledge of his subject tohelp the business mitigate its duty liabilities."
Stuart Reid, Financial Director Komatsu UK
"Rob set up a system that proved to be invaluable andthe savings were astronomical especially not fallingfoul again with HMRC." John Fletcher, General Manager VBR Turbine Partners
"ITS have highlighted significant cost savingopportunities."
CW Winter, Financial Controller Special Metals Wiggin Ltd.
"Rob and his team have provided expert duty systemsassistance to Reeves and our clients over the past fewyears and we have found the input invaluable." Greg Mayne, Director Reeves & Co LLP
"Rob successfully completed the project to plan and,in doing so, managed to overcome several obstaclesthrough the use of his considerable experience." Jon Buckley, Director APL Logistics
"ITSs experience and knowledge has ensured projectswere completed with a favorable result."
K R Maddison, Financial Controller Bard Limited
"I would have no hesitation in using ITS again andrecommending Rob and his team to anyone that isimporting from non EU sources." Kevin Middis, Business Consultant Saltzgitter
"ITS helped us to reach a successful conclusion when HMCustoms tried to reject our proposed changes by usingtechnicalities."
D. Suddens, Finance Manager Blanc Aero Industries UK Ltd
"I have worked with Rob on complicated HMRC issues. Aswell as direct assistance, Rob has provided excellenttraining for operational staff. I recommend ITS."
G. Mitchell, Senior Operations Manager EPSON
"ITSs broad knowledge of Customs has proved invaluable"
D. Widdowson, Director of Financial Accounting Croda Chemicals Europe Ltd
"Rob successfully completed the project to plan andmanaged to overcome several obstacles through the useof his considerable experience and expertise." Phil Challen, Customs Leader Europe at GE International Inc.
"Rob explains clearly, and gets on with people. He isvery constructive and pragmatic. His loyalty to thereds is admirable, if misguided. One of my favouriteScousers!"
