Outward Processing Relief (OPR) is a duty-relief arrangement that allows you to deduct the cost of EU materials or components included in your imported goods.
Businesses need to be authorised to take advantage of these absolute savings. There are various options and elections that must be understood by a business seeking to use OPR if you are to maximise the benefits while at the same time minimising administration and compliance risks.
Customs planning involves:
Applying for and obtaining the right type of authorisation
Setting up robust systems that meet any conditions of the relief
Ensuring that any partners meet their necessary obligations
Putting in place controls to show you all your obligations are met and the level of any benefits
Proper disclosure and project management should speed up the implementation process and keep set up costs down.
"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!"
Nick Mallett, Partner DHM Stallard
"ITSs broad knowledge of Customs has proved invaluable"
D. Widdowson, Director of Financial Accounting Croda Chemicals Europe Ltd
"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
"ITS have highlighted significant cost savingopportunities."
CW Winter, Financial Controller Special Metals Wiggin Ltd.
"ITSs experience and knowledge has ensured projectswere completed with a favorable result."
K R Maddison, Financial Controller Bard Limited
"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
"I have worked with Rob on complicated HMRC issues. Aswell as direct assistance, Rob has provided excellenttraining for operational staff. I recommend ITS."
